EUR/AUD – 30M – BUYNext a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.
Next a ‘Matching Low’ candle pattern is detected. The candles form ‘Matching Low’. which is a bullish 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 ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79828 |
| 2nd High | 1.78691 |
| Next High | 1.78129 |
| Current Price | 1.77709 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.78129 – 1.78691 – 1.78612 – 1.77526 – 1.76501 – 1.77477
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low