EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 1.72985 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.74559 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.72985 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.74559 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74741 |
| 2nd High | 1.74562 |
| Next High | 1.74559 |
| Current Price | 1.73256 |
| Next Low | 1.72985 |
| 2nd Low | |
| 3rd Low |
1.74559 – 1.74562 – 1.74449 – 1.72985 – 1.74068 – 1.7379 —
1.73175 – 1.73308 —
19.226721174209 – 35.148500636305 —
1.72985 – 1768500000 —
1.74559 – 1768455000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –