AUD/USD – 30M – SELL

The pair Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support line at is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.6927 should always be considered.
Consider stop-loss settings accordingly.

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

Furthermore a ‘Last Engulfing Bottom:’ chart pattern is detected. The candles show ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.6927 – 0.69074 – 0.69057 – 0.6875 – 0.68864 – 0.6882 —
0.69051 – 0.69062 —
55.354058453777 – 48.930198034255 —
– —
0.6927 – 1782414000

Trading Signals: FOREX – AUD – AUD/USD – USD – Last Engulfing Bottom: – – – – – – – – –