AUD/USD – 30M – BUY

The currency pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline up.

A bullish trend up to the next resistance line at 0.65967 will persist.

Caution: A possible change in the direction of the support line at 0.65561 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.

Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.66078992 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 0.65967 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.65882 – 0.65967 – 0.66239 – 0.65561 – 0.65807 – 0.65899 —
62.067607736937 – 64.035568859047 —
60.572856593618 – 48.44077064377 – 77.279442387696 – 61.630520166725

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Head and Shoulder chart pattern – –