EUR/AUD – 1H – BUYBesides a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).
Besides a ‘Double top chart pattern’ chart layout is detected. The chart forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.78820 |
| 2nd High | 1.77520 |
| Next High | 1.75754 |
| Current Price | 1.74955 |
| Next Low | 1.74624 |
| 2nd Low | 1.71120 |
| 3rd Low | 1.71044 |
1.75754 – 1.77520 – 1.78820 – 1.74624 – 1.75938 – 1.75983
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji