Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67194 |
| 2nd High | 1.6595 |
| Next High | 1.63499 |
| Current Price | 1.62833 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.63499 – 1.6595 – 1.67194 – 1.61282 – 1.64241 – 1.6425 —
1.62600 – 1.63172 —
38.980550905429 – 54.999600939812 —
– —
1.63499 – 1773432000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –