The combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.
The bearish trend downwards to the next support at is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.79358 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.
Besides a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.80706 |
| 2nd High | 1.80579 |
| Next High | 1.79358 |
| Current Price | 1.78507 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.79358 – 1.78091 – 1.78691 – 1.76297 – 1.76453 – 1.76852 —
1.78460 – 1.78253 —
40.921829782547 – 41.107506549262 —
– —
1.79358 – 1763445600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top retreat up – – – –