EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 1.64192 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.65767 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65767 |
| Current Price | 1.65133 |
| Next Low | 1.64192 |
| 2nd Low | 1.63974 |
| 3rd Low | 1.63613 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up