AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline downwards
A bearish trend downwards to the next support level at is certain.
Caution: A possible change in the direction of the resistance level at 0.64322 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
Moreover a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.64641 |
| 2nd High | 0.64327 |
| Next High | 0.64322 |
| Current Price | 0.64082 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.64322 – 0.64145 – 0.64327 – 0.63933 – 0.63707 – 0.64021
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji