EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.72907 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.73975 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.75177 |
| 2nd High | 1.74741 |
| Next High | 1.73975 |
| Current Price | 1.73511 |
| Next Low | 1.72907 |
| 2nd Low | 1.72472 |
| 3rd Low | 1.7182 |
1.73975 – 1.74741 – 1.75177 – 1.72907 – 1.74147 – 1.74445 —
1.73458 – 1.73611 —
50.955441749181 – 57.761312523985 —
– —
1.73975 – 1767753000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –