AUD/USD – 1H – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at is certain.
Caution: A possible change in the direction of the support zone at 0.65011 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.65944 |
| Next Low | 0.65011 |
| 2nd Low | 0.64621 |
| 3rd Low | 0.64147 |
0.65883 – 0.6504 – 0.65047 – 0.65011 – 0.64621 – 0.64696 — 63.238095611323 – 64.031870371499 — 22.540439608805 – 30.151199290729 – 28.339297957723 – 26.158457204824
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –