Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline downwards
A descending movement downwards to the next support level at 0.64821 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.65179 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65972 |
| 2nd High | 0.65798 |
| Next High | 0.65179 |
| Current Price | 0.64905 |
| Next Low | 0.64821 |
| 2nd Low | 0.64645 |
| 3rd Low | 0.64629 |
0.65179 – 0.65798 – 0.655 – 0.64821 – 0.64645 – 0.64816 —
0.65081 – 0.64989 —
51.583138556265 – 38.354907287062 —
– —
0.65179 – 1763501400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Symmetrical Triangle Chart Pattern – – – –