AUD/USD – 4H – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive signal. 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 is likely expected. Target of the current trend is 0.65708496 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.65798 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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).

0.65798 – 0.65182 – 0.66172 – 0.64358 – 0.64208 – 0.64582 —
0.64753 – 0.65207 —
52.384539317802 – 65.929650488002 —
0.64358 – 1764086400 —
0.65798 – 1763020800

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