AUD/USD – 1H – BUY

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.705206 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.71317 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Southern Doji’ candlestick chart pattern is discovered. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.71317 – 0.71361 – 0.71162 – 0.70321 – 0.70665 – 0.70727 —
0.71121 – 0.70907 —
46.702690659933 – 46.89795283509 —
– —
0.71317 – 1772175600

Trading Signals: FOREX – AUD – AUD/USD – USD – Southern Doji – – – – – – – – –