Also there is a ‘Double bottom chart pattern’ chart formation is discovered. The chart shows ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 1.67541 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.6626 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.67285288 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.67541 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67619 |
| 2nd High | 1.67602 |
| Next High | 1.67541 |
| Current Price | 1.67183 |
| Next Low | 1.6626 |
| 2nd Low | 1.66229 |
| 3rd Low | 1.65996 |
1.67098 – 1.67541 – 1.67252 – 1.6626 – 1.66515 – 1.66693 —
1.66385 – 1.67067 —
40.524962806005 – 62.670272668183 —
– —
1.67098 – 1771597800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom chart pattern – – – – – – – –