AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards
A bearish descent down to the next support at 0.62241 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.62483 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.624445 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.62483 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Line Strike – Bullish’ candlestick pattern is detected. The candles show ‘Three Line Strike – Bullish’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62646 |
| 2nd High | 0.62522 |
| Next High | 0.62483 |
| Current Price | 0.62365 |
| Next Low | 0.62241 |
| 2nd Low | 0.62184 |
| 3rd Low | 0.62147 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Line Strike – Bullish