AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.66193 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.65805 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.66193 |
| Current Price | 0.66466 |
| Next Low | 0.65805 |
| 2nd Low | 0.65234 |
| 3rd Low | 0.65053 |
0.66193 – 0.65983 – 0.65883 – 0.65805 – 0.65234 – 0.65053 — 70.298583657433 – 75.567476983332 — 98.070482686576 – 98.070482686576 – 75.748098340176 – 90.99958945645
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Triple top chart pattern – –