Additionally a ‘Double top retreat up’ chart pattern is found. The formation shows ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to rise.
The pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline up.
The bullish trend upwards to the next resistance at 1.75177 will persist.
Caution: A possible trend reversal in the direction of the support zone at 1.74614 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The pair is likely to go up.
Additionally a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The 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 | 1.76148 |
| 2nd High | 1.7613 |
| Next High | 1.75177 |
| Current Price | 1.74965 |
| Next Low | 1.74614 |
| 2nd Low | 1.73887 |
| 3rd Low | 1.73885 |
1.75177 – 1.7613 – 1.76148 – 1.74756 – 1.74898 – 1.75269 —
1.75060 – 1.74806 —
43.357862924086 – 34.806835733158 —
– —
1.75177 – 1767607200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top retreat up – – – – – – – –