EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 1.75766 is expected.
Caution: A possible change in the direction of the support level at 1.75144 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.
Next a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76719 |
| 2nd High | 1.76294 |
| Next High | 1.75766 |
| Current Price | 1.75656 |
| Next Low | 1.75144 |
| 2nd Low | 1.75042 |
| 3rd Low | 1.73858 |
1.75766 – 1.76294 – 1.76222 – 1.75144 – 1.75042 – 1.75291
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji