EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 1.64332 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 1.64265 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Tweezers Bottom’ candlestick pattern is discovered. The candles form ‘Tweezers Bottom’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64803 |
| 2nd High | 1.64562 |
| Next High | 1.64332 |
| Current Price | 1.64352 |
| Next Low | 1.64265 |
| 2nd Low | 1.63942 |
| 3rd Low | 1.62897 |
1.64332 – 1.64562 – 1.64803 – 1.64265 – 1.63942 – 1.64063 —
1.64262 – 1.64331 —
40.510962322265 – 56.155391994524 —
– —
1.64332 – 1776742200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Bottom – – – – – – – – –