EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 1.67010 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.66390 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Morning Doji Star’ candlestick chart pattern is detected. The candles show ‘Morning Doji Star’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Morning Doji Star’ going up is 76% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67087 |
| 2nd High | 1.67049 |
| Next High | 1.67010 |
| Current Price | 1.66725 |
| Next Low | 1.66390 |
| 2nd Low | 1.66386 |
| 3rd Low | 1.66197 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Morning Doji Star