EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline upwards
An ascent up to the next resistance line at 1.77138 is considered certain.
Caution: A possible counter-trend in the direction of support at 1.76085 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. 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 | 1.78581 |
| 2nd High | 1.77897 |
| Next High | 1.77138 |
| Current Price | 1.76141 |
| Next Low | 1.76085 |
| 2nd Low | 1.75118 |
| 3rd Low | 1.74973 |
1.77138 – 1.77897 – 1.78581 – 1.76085 – 1.76543 – 1.76691 — 31.751368391009 – 43.528665505394 — 27.683053897888 – 39.049919484702 – 33.120358185791 – 29.70383000221
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom retreat down – –