AUD/USD – 1H – BUY

The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance at 0.70962 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 0.70459 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

0.70962 – 0.71443 – 0.71467 – 0.70459 – 0.70431 – 0.70753 —
0.70694 – 0.70477 —
47.16772238046 – 35.113474081186 —
– —
0.70962 – 1771236000

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