Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.64441124 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 0.64322 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
Next a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).
Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.64641 |
2nd High | 0.64327 |
Next High | 0.64322 |
Current Price | 0.64253 |
Next Low | 0.64072 |
2nd Low | 0.63933 |
3rd Low | 0.63707 |
0.64322 – 0.64145 – 0.64327 – 0.64072 – 0.63933 – 0.63707
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji