The pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.
A bearish movement down to the next support line at 0.6605 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.66236 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66241 |
| 2nd High | 0.66239 |
| Next High | 0.66236 |
| Current Price | 0.66247 |
| Next Low | 0.6605 |
| 2nd Low | 0.6603 |
| 3rd Low | 0.65745 |
0.66236 – 0.66189 – 0.65704 – 0.6605 – 0.6603 – 0.65745 —
0.66156 – 0.66264 —
50.355279683284 – 67.982737182933 —
– —
0.66236 – 1764869400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double top retreat up – – – – – – – –