AUD/USD – 30M – BUY

Besides a ‘Double top chart pattern’ chart formation is existing. The chart picture forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.6520738 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.65268 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bullish Belt Hold’ candlestick pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.65268 – 0.65336 – 0.65064 – 0.65056 – 0.64791 – 0.64925

Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold