AUD/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.653935 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.65566 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Shooting Star’ candlestick chart pattern is found. The candles show ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65798 |
| 2nd High | 0.65588 |
| Next High | 0.65566 |
| Current Price | 0.65485 |
| Next Low | 0.65358 |
| 2nd Low | 0.65199 |
| 3rd Low | 0.64836 |
0.65566 – 0.65588 – 0.65405 – 0.65358 – 0.65199 – 0.6528 —
0.65498 – 0.65530 —
49.087668268485 – 55.462584550386 —
– —
0.65566 – 1764558000
Trading Signals: FOREX – AUD – AUD/USD – USD – Shooting Star – Double top retreat up – – – – – – – –