The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.70305 is expected.
Caution: A possible change in the direction of the support line at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.
Next a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.
Next a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70705 |
| 2nd High | 0.7047 |
| Next High | 0.70305 |
| Current Price | 0.70150 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.70305 – 0.7047 – 0.70705 – 0.69558 – 0.69765 – 0.69736 —
0.70218 – 0.69932 —
62.583469061854 – 48.174890303992 —
– —
0.70305 – 1772827200
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –