The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A descent downwards to the next support line at 1.77104 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.7757 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.78472 |
| 2nd High | 1.77688 |
| Next High | 1.7757 |
| Current Price | 1.77401 |
| Next Low | 1.77104 |
| 2nd Low | 1.76297 |
| 3rd Low | 1.76003 |
1.7757 – 1.77688 – 1.78472 – 1.77104 – 1.77367 – 1.77963 —
1.77441 – 1.77562 —
49.33546174223 – 56.532609296195 —
– —
1.77570 – 1764293400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Inverse Head and Shoulder chart pattern – – – – – – – –