EUR/AUD – 1H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 1.77240 will continue.
Caution: A possible change in the direction of the resistance line at 1.78129 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
Besides a ‘Matching Low’ candle pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79828 |
| 2nd High | 1.78691 |
| Next High | 1.78129 |
| Current Price | 1.77758 |
| Next Low | 1.77240 |
| 2nd Low | 1.76501 |
| 3rd Low | 1.71120 |
1.78129 – 1.78691 – 1.79828 – 1.77240 – 1.76501 – 1.76616
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low