AUD/USD – 4H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance at is expected.

Caution: A possible trend reversal in the direction of the support line at 0.63557 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.64493 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. 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).

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

0.64493 – 0.64389 – 0.63887 – 0.63557 – 0.63675 – 0.63434

Download AUD/USD Signal Image

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji