AUD/USD – 1H – 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 line at will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.65011 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.66282 |
| Next Low | 0.65011 |
| 2nd Low | 0.64621 |
| 3rd Low | 0.64147 |
0.66193 – 0.65983 – 0.65883 – 0.65011 – 0.64621 – 0.64696 — 69.425980021811 – 70.181652652142 — 77.695606511465 – 91.599568236186 – 66.761908406326 – 76.980708139297
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –