The combination Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.64208 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.65023 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Then a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive 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 | 0.6537 |
| 2nd High | 0.65179 |
| Next High | 0.65023 |
| Current Price | 0.64564 |
| Next Low | 0.64208 |
| 2nd Low | 0.64147 |
| 3rd Low | 0.64142 |
0.65023 – 0.65179 – 0.6537 – 0.64208 – 0.64358 – 0.64507 —
0.64656 – 0.64670 —
55.93393890603 – 53.371675956975 —
– —
0.65023 – 1763654400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –