AUD/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.712005 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.71478 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71871 |
| 2nd High | 0.71604 |
| Next High | 0.71478 |
| Current Price | 0.70878 |
| Next Low | 0.7053 |
| 2nd Low | 0.69813 |
| 3rd Low | 0.69558 |
0.71478 – 0.71604 – 0.71871 – 0.7111 – 0.71427 – 0.71122 —
0.71340 – 0.70999 —
46.435724644392 – 27.659685813512 —
– —
0.71478 – 1773325800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –