EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 1.65392 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.64427 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Tri-Star’ candlestick pattern is discovered. The candles form ‘Bullish Tri-Star’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65604 |
| Next High | 1.65392 |
| Current Price | 1.65092 |
| Next Low | 1.64427 |
| 2nd Low | 1.63504 |
| 3rd Low | 1.63342 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Tri-Star