AUD/USD – 1H – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.65435 is considered certain.
Caution: A possible change in the direction of the support line at 0.65024 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ chart pattern is discovered. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.65517 |
| Next High | 0.65435 |
| Current Price | 0.64751 |
| Next Low | 0.65024 |
| 2nd Low | 0.64662 |
| 3rd Low | 0.64560 |
0.65435 – 0.65517 – 0.65192 – 0.65024 – 0.64662 – 0.64560
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji