AUD/USD – 30M – BUYAdditionally a ‘Bullish Belt Hold’ candle pattern is existing. The candles show ‘Bullish Belt Hold’. this 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 likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
Additionally a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63302 |
| 2nd High | 0.63180 |
| Next High | 0.63119 |
| Current Price | 0.62823 |
| Next Low | 0.62806 |
| 2nd Low | 0.62788 |
| 3rd Low | 0.62779 |
0.63119 – 0.63180 – 0.63302 – 0.62806 – 0.62941 – 0.62788
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold