The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.64195 could happen.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Next a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64625 |
| 2nd High | 1.64342 |
| Next High | 1.64195 |
| Current Price | 1.63799 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.64195 – 1.64061 – 1.64342 – 1.63444 – 1.63223 – 1.63309 —
1.64032 – 1.63908 —
57.618920871348 – 50.083745963528 —
– —
1.64195 – 1784289600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –