AUD/USD – 30M – BUY

The pair Australian Dollar/US Dollar (AUD/USD) breaks through the bearish trendline up.

A bullish trend up to the next resistance level at 0.70238 is certain.

Caution: A possible change in the direction of the support line at 0.69888 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘MACD Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘MACD Hidden Bullish Divergence’. which could be a positive signal. The currency pair could go up.

Moreover a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘Three Outside Up’ candlestick pattern is discovered. 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.70238 – 0.70371 – 0.70412 – 0.70072 – 0.69888 – 0.70071 —
0.70125 – 0.70119 —
51.073966571197 – 50.269481858905 —
0.70072 – 1781890200 —
0.70238 – 1781883000

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