EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.75177 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Additionally a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 1.74590 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.75177 – 1.7613 – 1.76148 – 1.74271 – 1.74756 – 1.74898 —
1.74592 – 1.74609 —
40.742249759423 – 49.307207017088 —
– —
1.75177 – 1767607200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –