AUD/USD – 4H – BUY

The pair Australian Dollar/US Dollar (AUD/USD) breaks through the ascending trendline upwards

A continuation of the uptrend up to the next resistance at 0.7088 will persist.

Caution: A possible trend reversal in the direction of the support line at 0.68649 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.703255 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.7088 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Up’ candlestick pattern is detected. The candles show ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.69294 – 0.6927 – 0.7088 – 0.68649 – 0.6875 – 0.69888 —
0.69027 – 0.69216 —
45.864770393943 – 56.58878982158 —
– —
0.69294 – 1782835200

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