AUD/USD – 1H – SELLThe currency pair Australian Dollar/US Dollar (AUD/USD) moves from the bullish trendline downwards
The bearish trend downwards to the next support at 0.65011 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.66193 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.66193 |
| Current Price | 0.65999 |
| Next Low | 0.65011 |
| 2nd Low | 0.64621 |
| 3rd Low | 0.64147 |
0.66193 – 0.65983 – 0.65883 – 0.65011 – 0.64621 – 0.64696 — 56.030426751015 – 53.823041792894 — 65.081752275181 – 54.304848578333 – 79.378974068932 – 66.16835484258
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom chart pattern – –