AUD/USD – 30M – BUY

The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.

The bullish trend upwards to the next resistance level at 0.65994 is likely expected.

Caution: A possible counter-trend in the direction of the support level at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.65994 – 0.66193 – 0.66895 – 0.65774 – 0.65746 – 0.65805 — 54.027904358763 – 56.22785336467 — 57.305544842489 – 52.690044592206 – 70.522206749306 – 58.629584882309

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –