EUR/AUD – 1H – BUYAdditionally a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Additionally a ‘Double top chart pattern’ chart pattern is found. The formation shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.77520 |
| 2nd High | 1.76294 |
| Next High | 1.75840 |
| Current Price | 1.75005 |
| Next Low | 1.73858 |
| 2nd Low | 1.71120 |
| 3rd Low | 1.71044 |
1.75840 – 1.76294 – 1.76222 – 1.75144 – 1.75042 – 1.75291
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji