The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at is expected.
Caution: A possible change in the direction of support at 0.67953 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.
Then a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.68314 |
| Next Low | 0.67953 |
| 2nd Low | 0.67534 |
| 3rd Low | 0.67527 |
0.68108 – 0.67775 – 0.67433 – 0.67953 – 0.67534 – 0.67527 —
0.68044 – 0.68215 —
59.258112480306 – 68.805098770062 —
– —
0.68108 – 1769072400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –