AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 0.64952 is certain.
Caution: A possible trend reversal in the direction of support at 0.64079 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65435 |
| 2nd High | 0.65373 |
| Next High | 0.64952 |
| Current Price | 0.64455 |
| Next Low | 0.64079 |
| 2nd Low | 0.64073 |
| 3rd Low | 0.64068 |
0.64952 – 0.65373 – 0.65131 – 0.64722 – 0.64453 – 0.64939
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji