EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards
A bearish trend downwards to the next support line at is expected.
Caution: A possible counter-trend in the direction of resistance at 1.76294 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.77520 |
| 2nd High | 1.76719 |
| Next High | 1.76294 |
| Current Price | 1.75704 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.76294 – 1.76222 – 1.75754 – 1.75042 – 1.75291 – 1.75505
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji