AUD/USD – 30M – BUY

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

The bullish trend upwards to the next resistance line at 0.70361 is likely expected.

Caution: A possible change in the direction of the support level at 0.69803 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

And also a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.70361 – 0.70239 – 0.70499 – 0.69803 – 0.69351 – 0.6908 —
0.70220 – 0.70359 —
53.798726416551 – 56.629196340774 —
– —
0.70361 – 1770174000

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – Double top chart pattern – – – – – – – –