AUD/USD – 1H – BUY

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair is likely to rise.

Next a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The currency pair is likely to rise.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Next a ‘Bullish Engulfing’ candle chart pattern is existing. The chart forms ‘Bullish Engulfing’. which 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 ‘Bullish Engulfing’ heading up is 63%.

0.70962 – 0.71443 – 0.71467 – 0.70431 – 0.70753 – 0.71046 —
0.70737 – 0.70681 —
44.804043672532 – 46.634853605585 —
– —
0.70962 – 1771236000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Engulfing – Double bottom retreat down – – – – – – – –