AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 0.63058 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.62722 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63663 |
| 2nd High | 0.63634 |
| Next High | 0.63058 |
| Current Price | 0.62969 |
| Next Low | 0.62722 |
| 2nd Low | 0.62576 |
| 3rd Low | 0.62336 |
0.62946 – 0.63058 – 0.63634 – 0.62722 – 0.62576 – 0.62708
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji