EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.72479 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.71044 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.72969 |
| 2nd High | 1.72720 |
| Next High | 1.72479 |
| Current Price | 1.72451 |
| Next Low | 1.71044 |
| 2nd Low | 1.70527 |
| 3rd Low | 1.70493 |
1.71827 – 1.71408 – 1.71079 – 1.71044 – 1.70527 – 1.70587
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Belt Hold