AUD/USD – 1H – BUYAdditionally a ‘Triple bottom chart pattern’ chart layout is detected. The formation shows ‘Triple bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.65040 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.64621 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘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 | 0.65239 |
| 2nd High | 0.65047 |
| Next High | 0.65040 |
| Current Price | 0.65145 |
| Next Low | 0.64621 |
| 2nd Low | 0.64147 |
| 3rd Low | 0.64142 |
0.65040 – 0.65047 – 0.65007 – 0.64621 – 0.64696 – 0.64713 — 59.626981687275 – 61.658768676707 — 7.0305839727195 – 19.418691389599 – 27.336869846664 – 15.757540493096
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Triple bottom chart pattern – –