EUR/AUD – 1H – BUY

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.7778798 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.79344 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Matching Low’ chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.79344 – 1.78669 – 1.7884 – 1.77411 – 1.77703 – 1.77628 —
1.78459 – 1.78414 —
41.745980932204 – 46.074915762554 —
– —
1.79344 – 1763715600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –