AUD/USD – 30M – SELLThen a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
A bearish trend down to the next support at 0.67027 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.6722 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. 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 ‘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 | 0.6722 |
| Current Price | 0.67091 |
| Next Low | 0.67027 |
| 2nd Low | 0.66747 |
| 3rd Low | 0.66631 |
0.6722 – 0.67062 – 0.6703 – 0.67027 – 0.66747 – 0.66631 —
0.67176 – 0.67139 —
56.977526665391 – 55.320111229498 —
– —
0.67220 – 1768240800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –