AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 0.65225 will continue.
Caution: A possible change in the direction of the resistance line at 0.65899 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.65899 |
| Current Price | 0.65691 |
| Next Low | 0.65225 |
| 2nd Low | 0.65078 |
| 3rd Low | 0.64840 |
0.65899 – 0.65636 – 0.65190 – 0.65614 – 0.65534 – 0.65225
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji –