EUR/AUD – 1H – BUYThe combination Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 1.67149 is certain.
Caution: A possible counter-trend in the direction of the support zone at 1.65803 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish SBS White Lines’ candle chart pattern is existing. The candles form ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.67149 |
| Current Price | 1.65924 |
| Next Low | 1.65803 |
| 2nd Low | 1.64748 |
| 3rd Low | 1.63613 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines