AUD/USD – 30M – SELL

The combination Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline down.

A continuation of the bearish trend down to the next support line at 0.71095 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.7217 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.71373244 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.7217 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.7217 – 0.722 – 0.72274 – 0.71677 – 0.71994 – 0.7183 —
0.71900 – 0.71764 —
44.509624649963 – 29.932122341282 —
– —
0.7217 – 1777876200

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – – – – – – – – –