AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 0.64493 will persist.
Caution: A possible reversal of the trend in the direction of the support level at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The pair is likely to go up.
Next a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.64493 |
| Current Price | 0.64109 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.64493 – 0.64061 – 0.64205 – 0.63675 – 0.63743 – 0.63434
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji