AUD/USD – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.
A descending movement downwards to the next support line at 0.66606 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.66745 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.66745 |
| Current Price | 0.66652 |
| Next Low | 0.66606 |
| 2nd Low | 0.66529 |
| 3rd Low | 0.66331 |
0.66745 – 0.66529 – 0.66685 – 0.66606 – 0.66529 – 0.66331 — 52.928791647272 – 47.521262082157 — 31.075765349752 – 37.053189669916 – 20.486459431997 – 27.218374094977
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – –