AUD/USD – 4H – SELL

The pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.

A bearish trend downwards to the next support level at 0.69123 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.70208 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘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 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.694285 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.70208 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

0.70208 – 0.69693 – 0.69597 – 0.69123 – 0.69061 – 0.68649 —
0.70104 – 0.70001 —
65.817713690867 – 51.692022293893 —
– —
0.70208 – 1784145600

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