The combination Euro/Australian Dollar (EUR/AUD) moves from the descending trendline up.
A bullish trend upwards to the next resistance line at 1.65157 will continue.
Caution: A possible counter-trend in the direction of support at 1.63785 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘RSI Bullish Divergence’ indicator layout is detected. The indicator is ‘RSI Bullish Divergence’. chart signal.
There is also a ‘MACD-Hist Bullish Divergence’ indicator layout is detected. The indicator is ‘MACD-Hist Bullish Divergence’. chart signal.
There is also a ‘Bearish SBS White Lines’ candle pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65688 |
| 2nd High | 1.65542 |
| Next High | 1.65157 |
| Current Price | 1.64260 |
| Next Low | 1.63785 |
| 2nd Low | 1.63584 |
| 3rd Low | 1.6357 |
1.65157 – 1.65542 – 1.65688 – 1.64244 – 1.64793 – 1.64523 —
1.64545 – 1.64404 —
41.973746083589 – 34.714526398947 —
– —
1.65157 – 1773054000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – – – – – – – – –