AUD/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.7053 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.71478 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Southern Doji’ candlestick chart pattern is detected. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71871 |
| 2nd High | 0.71604 |
| Next High | 0.71478 |
| Current Price | 0.70799 |
| Next Low | 0.7053 |
| 2nd Low | 0.69813 |
| 3rd Low | 0.69558 |
0.71478 – 0.71604 – 0.71871 – 0.7111 – 0.71427 – 0.71122 —
0.71063 – 0.70915 —
27.98266911734 – 30.763762871835 —
– —
0.71478 – 1773325800
Trading Signals: FOREX – AUD – AUD/USD – USD – Southern Doji – – – – – – – – –