AUD/USD – 1H – BUY

Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.669505 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.6702 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency 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).

0.6702 – 0.6727 – 0.6722 – 0.66668 – 0.66726 – 0.66631 —
0.66843 – 0.66891 —
48.332166414347 – 43.220541179481 —
– —
0.67020 – 1768381200

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –