The combination Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 0.68744 will continue.
Caution: A possible trend reversal in the direction of support at 0.68335 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.69117 |
| 2nd High | 0.69016 |
| Next High | 0.68744 |
| Current Price | 0.68531 |
| Next Low | 0.68335 |
| 2nd Low | 0.68329 |
| 3rd Low | 0.67953 |
0.68744 – 0.68739 – 0.69016 – 0.68335 – 0.68329 – 0.68425 —
0.68690 – 0.68561 —
56.928431154275 – 48.217565452611 —
– —
0.68744 – 1774931400
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – – – – – – – – –