EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A bearish descent down to the next support at 1.71602 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.7194 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Furthermore a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72119 |
| Next High | 1.7194 |
| Current Price | 1.71717 |
| Next Low | 1.71602 |
| 2nd Low | 1.711 |
| 3rd Low | 1.70989 |
1.7194 – 1.71927 – 1.71678 – 1.71602 – 1.711 – 1.71109 —
1.71667 – 1.71631 —
47.401768364634 – 47.84188752744 —
– —
1.71940 – 1769481000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –