The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at will continue.
Caution: A possible counter-trend in the direction of the support level at 0.66592 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The currency 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 | |
| 2nd High | |
| Next High | |
| Current Price | 0.67294 |
| Next Low | 0.66592 |
| 2nd Low | 0.65921 |
| 3rd Low | 0.64358 |
0.66609 – 0.66854 – 0.65798 – 0.66592 – 0.66826 – 0.65921 —
0.66872 – 0.67389 —
42.812920316831 – 59.877866027432 —
– —
0.66609 – 1765886400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double top chart pattern – – – – – – – –