AUD/USD – 30M – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
A descent down to the next support line at will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.65837 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65899 |
| 2nd High | 0.65884 |
| Next High | 0.65837 |
| Current Price | 0.65667 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.65837 – 0.65884 – 0.65831 – 0.65621 – 0.65429 – 0.65614
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double top retreat up