EUR/AUD – 1H – SELLAnd also a ‘Double top chart pattern’ chart formation is found. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 1.79083 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.79759 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.81566 |
| 2nd High | 1.80819 |
| Next High | 1.79759 |
| Current Price | 1.79044 |
| Next Low | 1.79083 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.79759 – 1.80819 – 1.81566 – 1.79083 – 1.80281 – 1.80950 — 40.632261350692 – 35.461840279807 — 20.757981692342 – 13.711207858897 – 25.907940760586 – 20.095631465357
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top chart pattern – –