AUD/USD – 30M – BUY

The pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance line at 0.71356 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 0.71107 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘RSI Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘RSI Hidden Bullish Divergence’. Dieses ist oftmals ein bullisches signal. Das Paar wird voraussichtlich nach oben gehen.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.71385 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.71356 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. 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 success rate of a ‘Three White Soldiers’ going up is 82%.

0.71356 – 0.71629 – 0.71579 – 0.71107 – 0.71325 – 0.71363 —
0.71228 – 0.71248 —
31.178004937557 – 43.387871686465 —
– —
0.71356 – 1777003200

Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –