AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the bearish trendline up.
A bullish ascent upwards to the next resistance level at 0.64641 is expected.
Caution: A possible counter-trend in the direction of support at 0.64021 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.65144 |
| Next High | 0.64641 |
| Current Price | 0.64199 |
| Next Low | 0.64021 |
| 2nd Low | 0.63652 |
| 3rd Low | 0.63557 |
0.64641 – 0.65144 – 0.64708 – 0.64021 – 0.64211 – 0.64375
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji