AUD/USD – 1H – BUYThe pair Australian Dollar/US Dollar (AUD/USD) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 0.6727 is considered certain.
Caution: A possible change in the direction of the support level at 0.66675 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.67661 |
| Next High | 0.6727 |
| Current Price | 0.67110 |
| Next Low | 0.66675 |
| 2nd Low | 0.66668 |
| 3rd Low | 0.66631 |
0.67091 – 0.67093 – 0.6702 – 0.66675 – 0.66948 – 0.66668 —
0.67154 – 0.67141 —
68.742627720806 – 57.323563963856 —
– —
0.67091 – 1768564800
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –