AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.65832 is expected.
Caution: A possible change in the direction of support at is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.65899 |
| Next High | 0.65832 |
| Current Price | 0.65737 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.65832 – 0.65899 – 0.65835 – 0.65614 – 0.65534 – 0.65225
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Inverse Head and Shoulder chart pattern