AUD/USD – 30M – BUYBesides a ‘Northern Doji’ candle pattern is discovered. The candles form ‘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).
Besides a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.65144 |
| Current Price | 0.64245 |
| Next Low | 0.63652 |
| 2nd Low | 0.63557 |
| 3rd Low | 0.63434 |
0.65144 – 0.64708 – 0.64934 – 0.64375 – 0.64425 – 0.64339
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji