The pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 1.75276 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.75725 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Additionally a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.
Additionally a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair is likely to rise.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76693 |
| 2nd High | 1.76291 |
| Next High | 1.75725 |
| Current Price | 1.75617 |
| Next Low | 1.75276 |
| 2nd Low | 1.75118 |
| 3rd Low | 1.74973 |
1.75725 – 1.75539 – 1.76291 – 1.75276 – 1.7528 – 1.75295 —
1.75572 – 1.75580 —
56.917492994774 – 47.293349512665 —
– —
1.75725 – 1765186200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom retreat down – – – – – – – –