EUR/AUD – 30M – BUYBesides a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.73832 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.73979 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Engulfing’ candle chart pattern is detected. The candles show ‘Bullish Engulfing’. 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 ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74562 |
| 2nd High | 1.74559 |
| Next High | 1.73979 |
| Current Price | 1.73438 |
| Next Low | 1.73328 |
| 2nd Low | 1.73112 |
| 3rd Low | 1.73105 |
1.73979 – 1.73786 – 1.73345 – 1.73328 – 1.73427 – 1.73112 —
1.73444 – 1.73483 —
44.572446900106 – 47.874331368179 —
– —
1.73979 – 1768793400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – – – – – – – – –