AUD/USD – 30M – BUY

In addition a ‘Double bottom chart pattern’ chart pattern is discovered. The formation shows ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.65225048 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.65313 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.65313 – 0.65327 – 0.65294 – 0.64967 – 0.65147 – 0.64895

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji