EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.
An ascent up to the next resistance line at 1.71023 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.69631 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
In addition a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72337 |
| Next High | 1.71023 |
| Current Price | 1.70690 |
| Next Low | 1.69631 |
| 2nd Low | 1.68932 |
| 3rd Low | 1.67172 |
1.71023 – 1.70339 – 1.72337 – 1.69631 – 1.68932 – 1.68956 —
1.70379 – 1.70631 —
58.154241411754 – 54.467166050315 —
– —
1.71023 – 1769707800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – Double bottom retreat down – – – – – – – –