EUR/AUD – 4H – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 1.80162 will continue.
Caution: A possible counter-trend in the direction of the support line at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.85570 |
| 2nd High | 1.84480 |
| Next High | 1.80162 |
| Current Price | 1.79345 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.80162 – 1.84480 – 1.85570 – 1.77609 – 1.77156 – 1.76975
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji