AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 0.67091 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.66675 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.67093 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.67091 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6727 |
| 2nd High | 0.67093 |
| Next High | 0.67091 |
| Current Price | 0.67024 |
| Next Low | 0.66675 |
| 2nd Low | 0.66668 |
| 3rd Low | 0.66631 |
0.67005 – 0.67091 – 0.67067 – 0.66675 – 0.66707 – 0.66948 —
0.66985 – 0.67053 —
55.238919680161 – 61.216230528165 —
– —
0.67005 – 1768806000
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –