AUD/USD – 30M – BUYThe currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.6525 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.65053 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65684 |
| 2nd High | 0.65418 |
| Next High | 0.6525 |
| Current Price | 0.65436 |
| Next Low | 0.65053 |
| 2nd Low | 0.64621 |
| 3rd Low | 0.64147 |
0.6525 – 0.65246 – 0.65418 – 0.65234 – 0.65053 – 0.64621 — 67.203562820301 – 73.759716908763 — 70.344158754183 – 74.773748772008 – 79.433406416984 – 74.505285871773
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – –