The pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 1.6703 is certain.
Caution: A possible counter-trend in the direction of support at 1.66574 could occur.
Consider stop-loss settings accordingly.
There is also a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.
There is also a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67878 |
| 2nd High | 1.67357 |
| Next High | 1.6703 |
| Current Price | 1.66904 |
| Next Low | 1.66574 |
| 2nd Low | 1.66264 |
| 3rd Low | 1.66105 |
1.6703 – 1.66968 – 1.67357 – 1.66574 – 1.6666 – 1.66821 —
1.66943 – 1.66822 —
50.491885961254 – 47.169616259044 —
– —
1.6703 – 1775505600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –