AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.71974 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 0.71765 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.722 |
| 2nd High | 0.7217 |
| Next High | 0.71974 |
| Current Price | 0.72336 |
| Next Low | 0.71765 |
| 2nd Low | 0.71353 |
| 3rd Low | 0.71095 |
0.71974 – 0.7217 – 0.722 – 0.71765 – 0.71353 – 0.7153 —
0.71837 – 0.72337 —
53.548059637916 – 81.145464520655 —
– —
0.71974 – 1778005800
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – – – – – – – – –