EUR/AUD – 1H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 1.7194 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.71419 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
Besides a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.
Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Besides a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. 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 | 1.74663 |
| 2nd High | 1.72119 |
| Next High | 1.7194 |
| Current Price | 1.71749 |
| Next Low | 1.71419 |
| 2nd Low | 1.711 |
| 3rd Low | 1.70989 |
1.7194 – 1.71927 – 1.72119 – 1.71419 – 1.711 – 1.70989 —
1.71811 – 1.72337 —
52.516018068443 – 52.971258423104 —
– —
1.71940 – 1769479200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –