AUD/USD – 1H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline up.

A continuation of the upward movement up to the next resistance at 0.7197 is certain.

Caution: A possible counter-trend in the direction of the support zone at 0.71518 is also possible.
Consider stop-loss settings accordingly.

Moreover a ” indicator signal is discovered. The indicator shows ”. this is usually a bullish signal. The pair is likely to go up.

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Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

Moreover a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.7197 – 0.71475 – 0.70934 – 0.71518 – 0.71098 – 0.70769 —
0.71661 – 0.71743 —
51.403752823439 – 53.825415871823 —
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0.7197 – 1776319200

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – – – – – – – – –