EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 1.73975 is certain.
Caution: A possible trend reversal in the direction of the support level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.745185 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.73975 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ chart 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 | 1.75177 |
| 2nd High | 1.74741 |
| Next High | 1.73975 |
| Current Price | 1.73762 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.73975 – 1.74741 – 1.75177 – 1.72907 – 1.74147 – 1.74445 —
1.73498 – 1.73525 —
51.385071785044 – 52.488387075975 —
– —
1.73975 – 1767753000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – – – – – – – –