Next a ‘Double top retreat up’ chart pattern is discovered. The chart picture shows ‘Double top retreat up’. this is a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.70195334 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.70427 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70937 |
| 2nd High | 0.70499 |
| Next High | 0.70427 |
| Current Price | 0.69980 |
| Next Low | 0.69803 |
| 2nd Low | 0.69351 |
| 3rd Low | 0.6908 |
0.70427 – 0.70499 – 0.69701 – 0.69803 – 0.69351 – 0.6908 —
0.70244 – 0.70031 —
51.821868608636 – 35.414506546108 —
– —
0.70427 – 1770199200
Trading Signals: FOREX – AUD – AUD/USD – USD – – Double top retreat up – – – – – – – –