AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.66193 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.65805 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.66193 |
| Current Price | 0.66564 |
| Next Low | 0.65805 |
| 2nd Low | 0.65234 |
| 3rd Low | 0.65053 |
0.66193 – 0.65983 – 0.65883 – 0.65805 – 0.65234 – 0.65053 — 78.076731980957 – 79.28727057033 — 100 – 100 – 99.351800325646 – 100
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –