AUD/USD – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.

A bearish descent downwards to the next support level at 0.69213 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.69597 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next 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 is likely to fall.

Next 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 is likely to fall.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.69597 – 0.69492 – 0.6943 – 0.69346 – 0.69213 – 0.69103 —
0.69464 – 0.69420 —
52.506502898073 – 49.103239700272 —
– —
0.69597 – 1783389600

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –