AUD/USD – 1H – BUYNext a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.67271 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.67187 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.67271 |
| Next High | 0.67187 |
| Current Price | 0.67226 |
| Next Low | 0.66627 |
| 2nd Low | 0.66592 |
| 3rd Low | 0.65998 |
0.67187 – 0.67067 – 0.67271 – 0.66627 – 0.66592 – 0.66875 —
0.67176 – 0.67137 —
66.149171844234 – 60.836977988349 —
– —
0.67187 – 1767636000
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –