The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 0.65882 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.65561 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.66239 |
| 2nd High | 0.65967 |
| Next High | 0.65882 |
| Current Price | 0.65839 |
| Next Low | 0.65561 |
| 2nd Low | 0.65202 |
| 3rd Low | 0.65053 |
0.65882 – 0.65967 – 0.66239 – 0.65561 – 0.65807 – 0.65899 —
55.320603717804 – 57.062831084186 —
61.38214211149 – 48.843575289396 – 72.575219801888 – 62.633292350044
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – –