EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 1.73814 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.74378 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. 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 | 1.74544 |
| 2nd High | 1.74441 |
| Next High | 1.74378 |
| Current Price | 1.73835 |
| Next Low | 1.73814 |
| 2nd Low | 1.7359 |
| 3rd Low | 1.73325 |
1.74378 – 1.74441 – 1.74544 – 1.73814 – 1.73878 – 1.73868 —
1.74058 – 1.73878 —
38.84421546025 – 39.098853056267 —
– —
1.74378 – 1768215600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – – – – – – – –