AUD/USD – 30M – BUYAdditionally a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.
Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Current target is 0.69953714 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.70549 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70937 |
| 2nd High | 0.70821 |
| Next High | 0.70549 |
| Current Price | 0.69960 |
| Next Low | 0.69686 |
| 2nd Low | 0.6901 |
| 3rd Low | 0.68339 |
0.70549 – 0.70821 – 0.70937 – 0.69769 – 0.69686 – 0.70204 —
0.70013 – 0.70111 —
39.759550728564 – 39.669484085163 —
– —
0.70549 – 1769736600
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold – – – – – – – – –