Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.62796 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.64015 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Southern Doji’ candlestick pattern is found. The candles form ‘Southern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64417 |
| 2nd High | 1.64243 |
| Next High | 1.64015 |
| Current Price | 1.63052 |
| Next Low | 1.62796 |
| 2nd Low | 1.62571 |
| 3rd Low | 1.62511 |
1.64015 – 1.64243 – 1.63522 – 1.62796 – 1.62982 – 1.63637 —
1.63292 – 1.63251 —
62.254560457664 – 47.468796278658 —
– —
1.64015 – 1777541400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – – – – – – – – –