EUR/AUD – 1H – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 1.78691 will persist.
Caution: A possible trend reversal in the direction of the support zone at 1.76997 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Harami Cross’ chart pattern is found. The candles show ‘Bearish Harami Cross’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.80162 |
| 2nd High | 1.79828 |
| Next High | 1.78691 |
| Current Price | 1.78293 |
| Next Low | 1.76997 |
| 2nd Low | 1.76501 |
| 3rd Low | 1.71120 |
1.78170 – 1.78129 – 1.78691 – 1.76997 – 1.77107 – 1.77240
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami Cross