AUD/USD – 1H – BUYThe pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.67661 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.67166 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Then a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency 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 | 0.67661 |
| Current Price | 0.67415 |
| Next Low | 0.67166 |
| 2nd Low | 0.66627 |
| 3rd Low | 0.66592 |
0.67661 – 0.67389 – 0.67187 – 0.67166 – 0.66627 – 0.66592 —
0.67610 – 0.67406 —
66.458224934664 – 46.688693515308 —
– —
0.67661 – 1767765600
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –