EUR/AUD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.78519 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.78641 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79429 |
| 2nd High | 1.79394 |
| Next High | 1.78641 |
| Current Price | 1.78507 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.78641 – 1.79394 – 1.79249 – 1.77609 – 1.78532 – 1.77807
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji