AUD/USD – 1H – BUY

The combination Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards

A bullish movement up to the next resistance at 0.70889 is certain.

Caution: A possible trend reversal in the direction of support at 0.69558 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.70901876 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.70889 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore 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 chance of ‘Three White Soldiers’ going up is 82%.

0.7047 – 0.70889 – 0.71223 – 0.69558 – 0.69765 – 0.69736 —
0.70252 – 0.70449 —
53.121456505276 – 58.950428507158 —
– —
0.7047 – 1772787600

Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –