EUR/AUD – 1H – BUYThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 1.78831 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 1.77355 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency 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 | 1.79828 |
| 2nd High | 1.78876 |
| Next High | 1.78831 |
| Current Price | 1.77993 |
| Next Low | 1.77355 |
| 2nd Low | 1.77220 |
| 3rd Low | 1.74973 |
1.78831 – 1.78324 – 1.75507 – 1.77355 – 1.77220 – 1.74973
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji