EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 1.76997 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.77673 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.78170 |
| 2nd High | 1.77943 |
| Next High | 1.77673 |
| Current Price | 1.77648 |
| Next Low | 1.76997 |
| 2nd Low | 1.76501 |
| 3rd Low | 1.73686 |
1.77673 – 1.77943 – 1.78170 – 1.76997 – 1.77107 – 1.77240
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji