compleatguru
Short

Bearish Continuation Pattern for AUDUSD back for Parity

FX:AUDUSD   Australian Dollar/U.S. Dollar
282 0 0
Weekly Chart reveals more bearish candles and there is 1 particular big marubuzo bear candle that stands out marked by the 1st red down arrow with a box highlight.

As commonly known marubuzo is a continuation pattern, observe how the previous 3 weeks was bullish and the single marubuzo trashed the 3 weeks bulls bringing AUDUSD             to below parity.

This week has just started, observe the 2nd red arrow and the classic 3 bullish candlestick pattern within this marubuzo candle. It seems that shorts are in the cards and we might see AUD going below parity again.

More about candlstick paterns can be found on wiki http://en.wikipedia.org/wiki/Candlestick_pattern.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out