EUR/AUD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.62840456 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 1.626 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Concealing Baby Swallow’ candle pattern is existing. The chart shows ‘Concealing Baby Swallow’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63499 |
| 2nd High | 1.63101 |
| Next High | 1.626 |
| Current Price | 1.62564 |
| Next Low | 1.61997 |
| 2nd Low | 1.61356 |
| 3rd Low | 1.61282 |
1.62423 – 1.626 – 1.63101 – 1.61997 – 1.62033 – 1.62083 —
1.63036 – 1.62716 —
76.924242726109 – 52.776311583411 —
– —
1.62423 – 1773813600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Concealing Baby Swallow – – – – – – – – –