AUD/USD – 30M – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.66236 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.6605 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading 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 | 0.66352 |
| Next Low | 0.6605 |
| 2nd Low | 0.6603 |
| 3rd Low | 0.65745 |
0.66236 – 0.66189 – 0.65704 – 0.6605 – 0.6603 – 0.65745 —
0.66380 – 0.66424 —
66.824516929295 – 50.205232966083 —
– —
0.66236 – 1764869400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –