The pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards
The bearish trend downwards to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.78418 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern 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 | 1.79358 |
| 2nd High | 1.79344 |
| Next High | 1.78418 |
| Current Price | 1.78688 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.78418 – 1.79344 – 1.79101 – 1.78103 – 1.78143 – 1.78008 —
1.78482 – 1.78610 —
52.145931224131 – 56.931231715971 —
– —
1.78418 – 1763956800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –