EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 1.72907 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.74741 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
There is also a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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 | 1.76148 |
| 2nd High | 1.75785 |
| Next High | 1.74741 |
| Current Price | 1.74280 |
| Next Low | 1.72907 |
| 2nd Low | 1.72472 |
| 3rd Low | 1.7112 |
1.74741 – 1.75785 – 1.76148 – 1.72907 – 1.74271 – 1.74898 —
1.73719 – 1.74544 —
52.697830985579 – 68.59829065872 —
– —
1.74741 – 1767668400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Head and Shoulder chart pattern – – – – – – – –