AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.66879 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.67038 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.67458 |
| 2nd High | 0.67251 |
| Next High | 0.67038 |
| Current Price | 0.66805 |
| Next Low | 0.66879 |
| 2nd Low | 0.66812 |
| 3rd Low | 0.66627 |
0.67038 – 0.67007 – 0.67251 – 0.66879 – 0.66812 – 0.67166 —
0.66980 – 0.66828 —
52.409966895933 – 35.888819836936 —
– —
0.67038 – 1767920400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –