AUD/USD – 4H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline down.
A bearish movement down to the next support level at is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.65144 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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 | |
| 2nd High | |
| Next High | 0.65144 |
| Current Price | 0.64082 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.65144 – 0.64493 – 0.64389 – 0.63557 – 0.63675 – 0.63434
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji