Besides a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at is considered certain.
Caution: A possible change in the direction of resistance at 0.72002 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.72772 |
| 2nd High | 0.72712 |
| Next High | 0.72002 |
| Current Price | 0.71302 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.72002 – 0.71815 – 0.72712 – 0.71342 – 0.70974 – 0.70791 —
0.71862 – 0.71764 —
57.364034274868 – 42.832540905213 —
– —
0.72002 – 1780070400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –