AUD/USD – 1H – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at is expected.
Caution: A possible counter-trend in the direction of support at 0.6901 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘ ‘ indicator layout is found. The indicator shows ‘ ‘. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.70126 |
| Next Low | 0.6901 |
| 2nd Low | 0.68339 |
| 3rd Low | 0.67271 |
0.69404 – 0.69312 – 0.67468 – 0.6901 – 0.69068 – 0.68339 —
0.69467 – 0.69813 —
67.767692828519 – 76.784716873868 —
– —
0.69404 – 1769454000
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –