AUD/USD – 30M – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.62206 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.61918 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish SBS White Lines’ candle chart pattern is found. The chart shows ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.62313 |
| 2nd High | 0.62225 |
| Next High | 0.62206 |
| Current Price | 0.62162 |
| Next Low | 0.61918 |
| 2nd Low | 0.61788 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines