AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 0.65007 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.64147 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65684 |
| 2nd High | 0.65239 |
| Next High | 0.65007 |
| Current Price | 0.64905 |
| Next Low | 0.64147 |
| 2nd Low | 0.64142 |
| 3rd Low | 0.63722 |
0.65007 – 0.64297 – 0.64319 – 0.64147 – 0.64149 – 0.64142 — 72.451809401145 – 72.6527517261 — 31.002411243279 – 17.884564652588 – 45.275565126864 – 32.118484811066
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –