AUD/USD – 30M – BUY

The pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 0.67415 is likely expected.

Caution: A possible change in the direction of support at 0.67114 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Next a ‘%K crosses above %D’ indicator signal is found. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.67415 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.67415 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

0.67415 – 0.67389 – 0.67187 – 0.67114 – 0.67027 – 0.66627 —
0.67415 – 0.67368 —
64.259350801708 – 55.76851576055 —
0.67415 – 1767738600 —
– 1767738600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Engulfing – – – – – – – – –