AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline upwards

An ascending movement upwards to the next resistance at 0.71443 will continue.

Caution: A possible counter-trend in the direction of the support zone at could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.71091 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.71443 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.71443 – 0.71467 – 0.71427 – 0.71046 – 0.71187 – 0.70715 —
0.71375 – 0.70912 —
47.994933165553 – 33.051696692567 —
– —
0.71443 – 1770912000

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – – – – – – – – –