AUD/USD – 30M – BUYThe pair Australian Dollar/US Dollar (AUD/USD) jumps from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.7185 will continue.
Caution: A possible change in the direction of the support line at 0.71122 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. 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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.7185 |
| Current Price | 0.71619 |
| Next Low | 0.71122 |
| 2nd Low | 0.7053 |
| 3rd Low | 0.69813 |
0.7185 – 0.7168 – 0.70817 – 0.71122 – 0.7053 – 0.69813 —
0.71766 – 0.71619 —
66.707032549527 – 45.709683690165 —
– —
0.7185 – 1773214200
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – – – – – – – – –