EUR/AUD – 1H – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.64581 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 1.63371 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Tri-Star’ candlestick chart pattern is discovered. The candles show ‘Bullish Tri-Star’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66166 |
| 2nd High | 1.64803 |
| Next High | 1.64581 |
| Current Price | 1.64352 |
| Next Low | 1.63371 |
| 2nd Low | 1.63038 |
| 3rd Low | 1.62892 |
1.6381 – 1.63392 – 1.63035 – 1.63371 – 1.63038 – 1.62892 —
1.64133 – 1.64266 —
65.237195727149 – 63.210813847265 —
– —
1.6381 – 1780876800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Tri-Star – – – – – – – – –