AUD/USD – 1H – BUY

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.65375796 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 0.65182 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.65182 – 0.64988 – 0.65621 – 0.64679 – 0.64671 – 0.64629 —
0.64843 – 0.65094 —
50.142011133982 – 63.912381721221 —
– —
0.65182 – 1762441200

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