AUD/USD – 4H – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline up.

A bullish trend upwards to the next resistance at 0.65798 is certain.

Caution: A possible counter-trend in the direction of the support line at 0.64208 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.6519 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.65798 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.65798 – 0.65182 – 0.66172 – 0.64208 – 0.64582 – 0.65323 —
0.64670 – 0.64689 —
39.822384538046 – 47.021659327696 —
– —
0.65798 – 1763020800

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –