EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A bearish trend downwards to the next support line at 1.65446 is certain.
Caution: A possible change in the direction of resistance at 1.66514 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Matching Low’ candle chart pattern is detected. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67440 |
| 2nd High | 1.67107 |
| Next High | 1.66514 |
| Current Price | 1.65996 |
| Next Low | 1.65446 |
| 2nd Low | 1.65407 |
| 3rd Low | 1.65222 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low