AUD/USD – 4H – BUY

The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance at 0.71361 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.70261 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Also there is a ‘Bullish Belt Hold’ candle pattern is detected. The candles show ‘Bullish Belt Hold’. this is a bullish pattern 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).

0.71361 – 0.71116 – 0.71467 – 0.70261 – 0.70149 – 0.70277 —
0.71348 – 0.71282 —
64.477443643058 – 55.094461003941 —
– —
0.71361 – 1772064000

Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –