AUD/USD – 30M – BUYAdditionally a ‘Falling Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Falling Wedge Chart Pattern’. this is a bullish pattern signal. The pair is likely to go up.
The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 0.65192 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.64747 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65333 |
| 2nd High | 0.65332 |
| Next High | 0.65192 |
| Current Price | 0.64840 |
| Next Low | 0.64747 |
| 2nd Low | 0.64620 |
| 3rd Low | 0.64560 |
0.65192 – 0.64961 – 0.65332 – 0.64747 – 0.64620 – 0.64560
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji