AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline downwards
The bearish trend down to the next support at 0.67166 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.67389 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
In addition a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.67389 |
| Current Price | 0.67325 |
| Next Low | 0.67166 |
| 2nd Low | 0.66627 |
| 3rd Low | 0.66592 |
0.67389 – 0.67187 – 0.67067 – 0.67166 – 0.66627 – 0.66592 —
0.67587 – 0.67408 —
74.585500632566 – 51.620876393544 —
– —
0.67389 – 1767686400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –