AUD/USD – 30M – BUY

The combination Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline upwards

An ascending movement upwards to the next resistance level at 0.69903 is expected.

Caution: A possible reversal of the trend in the direction of support at 0.6958 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.69889 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.69903 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

0.69903 – 0.70068 – 0.70427 – 0.6958 – 0.6971 – 0.69803 —
0.69852 – 0.69545 —
44.566621150957 – 35.642450787803 —
– —
0.69903 – 1770285600

Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –