AUD/USD – 4H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bearish trendline upwards
The bullish trend up to the next resistance line at 0.64291 is certain.
Caution: A possible trend reversal in the direction of the support level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65277 |
| 2nd High | 0.64712 |
| Next High | 0.64291 |
| Current Price | 0.62488 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up