EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 1.65284 will persist.
Caution: A possible change in the direction of the support level at 1.64843 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Line Strike – Bullish’ chart pattern is found. The chart forms ‘Three Line Strike – Bullish’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65767 |
| Next High | 1.65284 |
| Current Price | 1.65063 |
| Next Low | 1.64843 |
| 2nd Low | 1.64748 |
| 3rd Low | 1.64192 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Line Strike – Bullish