The combination Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at is considered certain.
Caution: A possible change in the direction of the support level at 0.67534 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.
Then a ‘Bullish Belt Hold’ candle chart pattern is detected. The candles form ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.68024 |
| Next Low | 0.67534 |
| 2nd Low | 0.67527 |
| 3rd Low | 0.67271 |
0.67775 – 0.67433 – 0.67453 – 0.67534 – 0.67527 – 0.67271 —
0.68050 – 0.68038 —
66.585897159243 – 60.555956344833 —
– —
0.67775 – 1769014800
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –