AUD/USD – 4H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 0.65899 will persist.

Caution: A possible trend reversal in the direction of support at 0.64823 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.65899 – 0.65636 – 0.65517 – 0.64823 – 0.65366 – 0.65078 — 36.656840726773 – 37.583540464744 — 47.310416169332 – 34.989017066467 – 61.980873549234 – 47.402031258865

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –