AUD/USD – 1H – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.71804968 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 0.71995 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.71995 – 0.71629 – 0.71758 – 0.71107 – 0.71363 – 0.71459 —
0.71859 – 0.71667 —
53.717493646964 – 34.977648551995 —
– —
0.71995 – 1777309200

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