AUD/USD – 30M – BUYFurthermore a ‘Double bottom chart pattern’ chart formation is found. The chart picture shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.
The combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at will persist.
Caution: A possible trend reversal in the direction of the support level at 0.66657 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.66900 |
| Next Low | 0.66657 |
| 2nd Low | 0.66606 |
| 3rd Low | 0.66529 |
0.66895 – 0.66758 – 0.66745 – 0.66657 – 0.66606 – 0.66529 — 44.335687750653 – 66.117982227871 — 14.039890496676 – 47.373223830009 – 10.752735359681 – 23.445721795588
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom chart pattern – –