AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) goes from the bearish trendline upwards
A bullish ascent up to the next resistance at 0.63824 will persist.
Caution: A possible change in the direction of the support level at 0.63363 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64291 |
| 2nd High | 0.63833 |
| Next High | 0.63824 |
| Current Price | 0.63546 |
| Next Low | 0.63363 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up