EUR/AUD – 1H – BUYFurthermore a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to go up.
The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 1.77886 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.76260 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Furthermore a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.78831 |
| 2nd High | 1.78228 |
| Next High | 1.77886 |
| Current Price | 1.77775 |
| Next Low | 1.76260 |
| 2nd Low | 1.74973 |
| 3rd Low | 1.74614 |
1.77886 – 1.77512 – 1.77565 – 1.76260 – 1.76632 – 1.76883
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji