The pair Australian Dollar/US Dollar (AUD/USD) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.66646 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.66975 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67174 |
| 2nd High | 0.67067 |
| Next High | 0.66975 |
| Current Price | 0.66836 |
| Next Low | 0.66646 |
| 2nd Low | 0.66592 |
| 3rd Low | 0.66044 |
0.66975 – 0.67067 – 0.67009 – 0.66646 – 0.66651 – 0.66592 —
0.66822 – 0.66858 —
47.936529048896 – 55.055273483177 —
– —
0.66975 – 1767394800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –