AUD/USD – 1H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.71758 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.71758 – 0.71856 – 0.71824 – 0.71363 – 0.71459 – 0.71298 —
0.71576 – 0.71629 —
51.170853400835 – 54.835240574767 —
– —
0.71758 – 1776844800

Trading Signals: FOREX – AUD – AUD/USD – USD – Matching Low – – – – – – – – –