AUD/USD – 1H – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.66193 will persist.
Caution: A possible counter-trend in the direction of support at 0.65011 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 0.66193 |
| Current Price | 0.66123 |
| Next Low | 0.65011 |
| 2nd Low | 0.64621 |
| 3rd Low | 0.64147 |
0.66193 – 0.65983 – 0.65883 – 0.65011 – 0.64621 – 0.64696 — 60.390677627264 – 66.025318857066 — 87.929411764706 – 100 – 62.591159976282 – 84.175388639137
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –