AUD/USD – 4H – BUY

The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards

A continuation of the uptrend up to the next resistance line at is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.66592 should be noted.
Consider stop-loss settings accordingly.

And also a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The pair is likely to go up.

And also a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.66854 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at should be noted.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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).

0.66609 – 0.66854 – 0.65798 – 0.66592 – 0.66826 – 0.65921 —
0.67017 – 0.66822 —
52.852574323211 – 42.93494284146 —
– —
0.66609 – 1765886400

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –