AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.64525 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.64230 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.645165 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.64525 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish SBS White Lines’ candle chart pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65043 |
| 2nd High | 0.64935 |
| Next High | 0.64525 |
| Current Price | 0.64316 |
| Next Low | 0.64230 |
| 2nd Low | 0.64211 |
| 3rd Low | 0.63990 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines