AUD/USD – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance at 0.69294 is certain.

Caution: A possible counter-trend in the direction of the support line at 0.68823 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

0.69294 – 0.6904 – 0.69168 – 0.68823 – 0.68649 – 0.6877 —
0.68945 – 0.68966 —
43.609949301366 – 49.194849522468 —
– —
0.69294 – 1782842400

Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Engulfing – – – – – – – – –