AUD/USD – 1H – SELLThe combination Australian Dollar/US Dollar (AUD/USD) moves from the ascending trendline down.
A descending movement downwards to the next support line at 0.65534 will continue.
Caution: A possible counter-trend in the direction of the resistance line at could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. 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 | |
| Current Price | 0.65704 |
| Next Low | 0.65534 |
| 2nd Low | 0.65225 |
| 3rd Low | 0.65078 |
0.65636 – 0.65190 – 0.64952 – 0.65534 – 0.65225 – 0.65078
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji –