There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.70919 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.70823 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71478 |
| 2nd High | 0.70919 |
| Next High | 0.70823 |
| Current Price | 0.70807 |
| Next Low | 0.70443 |
| 2nd Low | 0.69792 |
| 3rd Low | 0.69558 |
0.70823 – 0.70186 – 0.70623 – 0.70443 – 0.69792 – 0.70155 —
0.70735 – 0.70668 —
63.038833700258 – 53.314655419473 —
– —
0.70823 – 1773698400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – – – – – – – – –