The pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline upwards
The bullish trend up to the next resistance at 1.74741 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.73391 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.7613 |
| 2nd High | 1.75177 |
| Next High | 1.74741 |
| Current Price | 1.73705 |
| Next Low | 1.73391 |
| 2nd Low | 1.72472 |
| 3rd Low | 1.7182 |
1.74741 – 1.75177 – 1.7613 – 1.74147 – 1.74445 – 1.74271 —
1.74237 – 1.73682 —
38.87812509826 – 21.217409210397 —
– —
1.74741 – 1767668400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –