AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) goes from the ascending trendline down.
A descending movement down to the next support line at 0.64840 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.65636 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.65636 |
| Current Price | 0.65194 |
| Next Low | 0.64840 |
| 2nd Low | 0.63722 |
| 3rd Low | 0.63562 |
0.65636 – 0.65190 – 0.64952 – 0.64840 – 0.63722 – 0.64453
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Inverse Head and Shoulder chart pattern