EUR/AUD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.64149 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.64297 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles show ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64628 |
| 2nd High | 1.64496 |
| Next High | 1.64297 |
| Current Price | 1.63891 |
| Next Low | 1.6372 |
| 2nd Low | 1.6367 |
| 3rd Low | 1.63371 |
1.64297 – 1.64287 – 1.64496 – 1.6372 – 1.63792 – 1.6367 —
1.63879 – 1.63920 —
37.466909810387 – 39.104812527741 —
– —
1.64297 – 1781537400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – – – – – – – – –