AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.67389 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.66627 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The pair is likely to go up.
There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67389 |
| Current Price | 0.67471 |
| Next Low | 0.66627 |
| 2nd Low | 0.66592 |
| 3rd Low | 0.65998 |
0.67389 – 0.67187 – 0.67067 – 0.66627 – 0.66592 – 0.66875 —
0.67324 – 0.67410 —
63.375378483745 – 60.50878918148 —
– —
0.67389 – 1767686400
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Engulfing – – – – – – – – –