AUD/USD – 1H – BUYAlso there is a ‘Double top retreat up’ chart formation is found. The chart shows ‘Double top retreat up’. which is a bullish signal. The currency pair is likely to go up.
The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
An ascent up to the next resistance line at 0.67038 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.66627 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Bullish Engulfing’ candlestick pattern is existing. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.67661 |
| Next High | 0.67038 |
| Current Price | 0.66815 |
| Next Low | 0.66627 |
| 2nd Low | 0.66592 |
| 3rd Low | 0.65998 |
0.67038 – 0.67661 – 0.67389 – 0.66812 – 0.67166 – 0.66627 —
0.66898 – 0.66943 —
32.391432459332 – 40.849515109945 —
– —
0.67038 – 1767920400
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Engulfing – Double top retreat up – – – – – – – –