AUD/USD – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.70103868 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.71871 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Southern Doji’ chart pattern is detected. The candles show ‘Southern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.71871 |
| Current Price | 0.70622 |
| Next Low | 0.69558 |
| 2nd Low | 0.69438 |
| 3rd Low | 0.68966 |
0.71871 – 0.7185 – 0.7047 – 0.69558 – 0.69765 – 0.69736 —
0.70797 – 0.70789 —
27.503152622285 – 31.69990713248 —
– —
0.71871 – 1773248400
Trading Signals: FOREX – AUD – AUD/USD – USD – Southern Doji – – – – – – – – –