EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 1.75840 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.74308 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76719 |
| 2nd High | 1.76294 |
| Next High | 1.75840 |
| Current Price | 1.74479 |
| Next Low | 1.74308 |
| 2nd Low | 1.73858 |
| 3rd Low | 1.73686 |
1.75840 – 1.75766 – 1.76294 – 1.74308 – 1.75223 – 1.75144
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji