AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.71893 is expected.
Caution: A possible counter-trend in the direction of support at 0.71095 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.
In addition a ‘Bullish Belt Hold’ chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71995 |
| 2nd High | 0.71944 |
| Next High | 0.71893 |
| Current Price | 0.72020 |
| Next Low | 0.71095 |
| 2nd Low | 0.71012 |
| 3rd Low | 0.70769 |
0.71324 – 0.71893 – 0.71863 – 0.71095 – 0.71012 – 0.71505 —
0.72001 – 0.72015 —
75.567418806105 – 71.364829824103 —
– —
0.71324 – 1777518000
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold – – – – – – – – –