AUD/USD – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Australian Dollar/US Dollar (AUD/USD) goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.66606 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.66745 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. 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 | 0.66745 |
| Current Price | 0.66652 |
| Next Low | 0.66606 |
| 2nd Low | 0.66529 |
| 3rd Low | 0.66331 |
0.66745 – 0.66529 – 0.66685 – 0.66606 – 0.66529 – 0.66331 — 52.928791647272 – 47.521262082157 — 31.075765349752 – 37.053189669916 – 20.486459431997 – 27.218374094977
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – –