AUD/USD – 1H – SELL

The combination Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline downwards

A descent down to the next support level at 0.71012 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.71893 could happen.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘StochRSI Hidden Bearish Divergence’ indicator signal is existing. The indicator shows ‘StochRSI Hidden Bearish Divergence’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Next a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.71893 – 0.71995 – 0.71629 – 0.71012 – 0.71505 – 0.71107 —
0.71304 – 0.71912 —
46.689582932256 – 71.386468565883 —
– —
0.71893 – 1777431600

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