The combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.79629 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
Then a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79739 |
| 2nd High | 1.79735 |
| Next High | 1.79629 |
| Current Price | 1.79443 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.79629 – 1.79735 – 1.79641 – 1.79059 – 1.78849 – 1.78902
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji –