The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 0.70499 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.70075 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.
There is also a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The pair is likely to go up.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
There is also a ‘Three Outside Up’ candlestick pattern is detected. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70821 |
| 2nd High | 0.70549 |
| Next High | 0.70499 |
| Current Price | 0.70439 |
| Next Low | 0.70075 |
| 2nd Low | 0.68966 |
| 3rd Low | 0.68339 |
0.70373 – 0.70244 – 0.69903 – 0.70075 – 0.68966 – 0.69397 —
0.70248 – 0.70376 —
57.935819372416 – 55.856223232904 —
– —
0.70373 – 1770600600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – Double top chart pattern – – – – – – – –