AUD/USD – 1H – SELL

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.70333 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.70793 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.70793 – 0.7088 – 0.7088 – 0.70417 – 0.70639 – 0.70207 —
0.70719 – 0.70642 —
49.356819234119 – 44.95879442298 —
– —
0.70793 – 1781636400

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –