AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.60851 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.59139 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.602045 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.60851 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63315 |
| 2nd High | 0.61270 |
| Next High | 0.60851 |
| Current Price | 0.59752 |
| Next Low | 0.59139 |
| 2nd Low | |
| 3rd Low |
0.60851 – 0.60746 – 0.61270 – 0.59139 – 0.59441 – 0.59885
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji