AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 0.66193 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.65805 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive 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 | |
| 2nd High | |
| Next High | 0.66193 |
| Current Price | 0.66180 |
| Next Low | 0.65805 |
| 2nd Low | 0.65234 |
| 3rd Low | 0.65053 |
0.66193 – 0.65983 – 0.65883 – 0.65805 – 0.65234 – 0.65053 — 52.672388593371 – 54.928464487774 — 10.892494564534 – 29.053655200786 – 4.6369739935088 – 13.315383255107
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –