EUR/AUD – 4H – BUYThe pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at will persist.
Caution: A possible counter-trend in the direction of resistance at 1.80162 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.85570 |
| 2nd High | 1.84480 |
| Next High | 1.80162 |
| Current Price | 1.77727 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.80162 – 1.84480 – 1.85570 – 1.77609 – 1.77156 – 1.76975
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low