EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 1.71927 is considered certain.
Caution: A possible change in the direction of the support level at 1.71109 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.
Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72119 |
| Next High | 1.71927 |
| Current Price | 1.71367 |
| Next Low | 1.71109 |
| 2nd Low | 1.70989 |
| 3rd Low | 1.70527 |
1.71927 – 1.71678 – 1.71924 – 1.71109 – 1.70989 – 1.71498 —
1.71358 – 1.71413 —
47.010175302629 – 48.425420015 —
– —
1.71927 – 1769389200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down – – – – – – – –