AUD/USD – 30M – BUY

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.70617012 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 0.70621 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.70621 – 0.70968 – 0.71085 – 0.69102 – 0.70729 – 0.69993 —
0.70157 – 0.70141 —
52.290342724673 – 49.98320007419 —
– —
0.70621 – 1774287000

Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Up – – – – – – – – –