EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 1.66514 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.65407 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Shooting Star’ candle pattern is detected. The chart shows ‘Shooting Star’. 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 success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67440 |
| 2nd High | 1.67107 |
| Next High | 1.66514 |
| Current Price | 1.66018 |
| Next Low | 1.65407 |
| 2nd Low | 1.65222 |
| 3rd Low | 1.65080 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Shooting Star