AUD/USD – 4H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline upwards

A continuation of the uptrend up to the next resistance at 0.71856 is expected.

Caution: A possible change in the direction of the support line at should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. 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’. which is often a bullish signal. The currency pair could go up.

Furthermore a ‘Bullish Engulfing’ candlestick pattern is existing. The chart shows ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

0.71856 – 0.72215 – 0.70944 – 0.71298 – 0.71143 – 0.69869 —
0.71633 – 0.71579 —
51.172576250831 – 49.512844613475 —
– —
0.71856 – 1776787200

Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Engulfing – Rising Wedge Chart Pattern – – – – – – – –