AUD/USD – 30M – BUY

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

A bullish movement up to the next resistance level at 0.67251 will persist.

Caution: A possible change in the direction of support at 0.66627 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Harami Cross’ candlestick chart pattern is found. The candles form ‘Bearish Harami Cross’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).

0.67251 – 0.67458 – 0.67661 – 0.67166 – 0.67114 – 0.67027 —
0.67001 – 0.66927 —
38.959664343911 – 37.024883500911 —
– —
0.67251 – 1767843000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Harami Cross – Double bottom chart pattern – – – – – – – –