EUR/AUD – 1H – BUYThe pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards
A bearish trend downwards to the next support level at is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.75754 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair is likely to rise.
And also a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.78820 |
| 2nd High | 1.77520 |
| Next High | 1.75754 |
| Current Price | 1.75812 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.75754 – 1.77520 – 1.78820 – 1.73858 – 1.74624 – 1.75938
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing