AUD/USD – 30M – BUY

The pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline up.

An ascent up to the next resistance at 0.71764 will continue.

Caution: A possible counter-trend in the direction of the support level at 0.71342 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal 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.

And also a ‘Bearish SBS White Lines’ chart pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.71764 – 0.71876 – 0.71862 – 0.71521 – 0.71693 – 0.71524 —
0.71764 – 0.71491 —
50.857507216364 – 24.445160017033 —
0.71764 – 1780491600 —
– 1780491600

Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish SBS White Lines – – – – – – – – –