AUD/USD – 4H – BUY

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.71249 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.72002 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.72002 – 0.71815 – 0.72712 – 0.69786 – 0.70196 – 0.71342 —
0.69984 – 0.70535 —
30.902814895719 – 52.152812409722 —
– —
0.72002 – 1780070400

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