EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.65777 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.66239 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.65652672 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.66239 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Southern Doji’ candle pattern is found. The candles form ‘Southern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67107 |
| 2nd High | 1.66555 |
| Next High | 1.66239 |
| Current Price | 1.65944 |
| Next Low | 1.65777 |
| 2nd Low | 1.65446 |
| 3rd Low | 1.65407 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji