AUD/USD – 1H – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 0.66172 is certain.
Caution: A possible change in the direction of the support level at 0.6552 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.
Additionally a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66241 |
| 2nd High | 0.66239 |
| Next High | 0.66172 |
| Current Price | 0.65877 |
| Next Low | 0.6552 |
| 2nd Low | 0.65358 |
| 3rd Low | 0.65199 |
0.6566 – 0.65588 – 0.65405 – 0.6552 – 0.65358 – 0.65199 —
0.65755 – 0.65827 —
63.805087965019 – 65.068036164595 —
– —
0.65660 – 1764601200
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold – Double top chart pattern – – – – – – – –