The pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline up.
An ascent upwards to the next resistance level at 1.79771 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.78103 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.
Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.80706 |
| 2nd High | 1.80579 |
| Next High | 1.79771 |
| Current Price | 1.78172 |
| Next Low | 1.78103 |
| 2nd Low | 1.78008 |
| 3rd Low | 1.77411 |
1.79771 – 1.78418 – 1.79344 – 1.78103 – 1.78143 – 1.78008 —
1.78196 – 1.78163 —
30.821911462786 – 36.109596249366 —
– —
1.79771 – 1764088200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –