EUR/AUD – 1H – BUYNext a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair could go up.
Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.74189828 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 1.74559 could occur.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘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 likelyhood of ‘Northern Doji’ going 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 | 1.73833 |
| Next Low | 1.72985 |
| 2nd Low | 1.72907 |
| 3rd Low | 1.72472 |
1.74559 – 1.74562 – 1.74449 – 1.72985 – 1.7379 – 1.73553 —
1.73539 – 1.73946 —
51.146500814078 – 61.675162115366 —
– —
1.74559 – 1768453200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –