Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.650775 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.65179 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6551 |
| 2nd High | 0.6537 |
| Next High | 0.65179 |
| Current Price | 0.64901 |
| Next Low | 0.64645 |
| 2nd Low | 0.64629 |
| 3rd Low | 0.64582 |
0.65179 – 0.6537 – 0.6551 – 0.64645 – 0.65157 – 0.65145 —
0.65105 – 0.64846 —
53.155460658645 – 37.449335337553 —
– —
0.65179 – 1763499600
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – –