AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.65418 will continue.
Caution: A possible counter-trend in the direction of support at 0.65234 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair is likely to rise.
Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.65418 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.65418 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65787 |
| 2nd High | 0.65684 |
| Next High | 0.65418 |
| Current Price | 0.65267 |
| Next Low | 0.65234 |
| 2nd Low | 0.65053 |
| 3rd Low | 0.64621 |
0.6525 – 0.65246 – 0.65418 – 0.65234 – 0.65053 – 0.64621 — 62.482965059099 – 63.08330781472 — 97.517852182297 – 97.517852182297 – 95.420478580549 – 96.616544670945
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –