EUR/AUD – 30M – BUYCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.65987 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.66635 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Southern Doji’ candle pattern is detected. The chart shows ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67107 |
| 2nd High | 1.66790 |
| Next High | 1.66635 |
| Current Price | 1.66319 |
| Next Low | 1.66260 |
| 2nd Low | 1.65339 |
| 3rd Low | 1.65222 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji