EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.
An ascent up to the next resistance level at 1.73979 is certain.
Caution: A possible counter-trend in the direction of the support zone at 1.73112 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74562 |
| 2nd High | 1.74559 |
| Next High | 1.73979 |
| Current Price | 1.73462 |
| Next Low | 1.73112 |
| 2nd Low | 1.73105 |
| 3rd Low | 1.72985 |
1.73979 – 1.73786 – 1.73345 – 1.73427 – 1.73112 – 1.73105 —
1.73490 – 1.73498 —
40.351797728223 – 36.480345921682 —
– —
1.73979 – 1768793400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – – – – – – – –