EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at is certain.
Caution: A possible change in the direction of resistance at 1.75312 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76719 |
| 2nd High | 1.75866 |
| Next High | 1.75312 |
| Current Price | 1.74945 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.75312 – 1.75866 – 1.76719 – 1.74712 – 1.74624 – 1.75938
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji