AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.65435 will persist.
Caution: A possible trend reversal in the direction of the support line at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
In addition a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. 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 | |
| 2nd High | 0.65517 |
| Next High | 0.65435 |
| Current Price | 0.65346 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.65435 – 0.65517 – 0.65192 – 0.65024 – 0.64662 – 0.64747
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji