AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) goes from the descending trendline up.
An ascending movement upwards to the next resistance line at 0.64480 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.63722 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64972 |
| 2nd High | 0.64958 |
| Next High | 0.64480 |
| Current Price | 0.64215 |
| Next Low | 0.63722 |
| 2nd Low | 0.63608 |
| 3rd Low | 0.63562 |
0.64480 – 0.64958 – 0.64972 – 0.64233 – 0.64251 – 0.64286 — 37.814214326181 – 39.861780921219 — 3.9387434524125 – 11.466666666667 – 16.414346851757 – 12.685852890169
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom retreat down – –