AUD/USD – 30M – BUYThe combination Australian Dollar/US Dollar (AUD/USD) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.71277 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.70637 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.71277 |
| Current Price | 0.71199 |
| Next Low | 0.70637 |
| 2nd Low | 0.70132 |
| 3rd Low | 0.70075 |
0.71277 – 0.70901 – 0.70982 – 0.70637 – 0.70641 – 0.70132 —
0.71202 – 0.71163 —
63.203919546977 – 61.296070088111 —
– —
0.71277 – 1770789600
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – Double bottom chart pattern – – – – – – – –