EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A bearish trend downwards to the next support at 1.72472 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.74741 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. 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 ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.7613 |
| 2nd High | 1.75177 |
| Next High | 1.74741 |
| Current Price | 1.72945 |
| Next Low | 1.72472 |
| 2nd Low | 1.7182 |
| 3rd Low | 1.7112 |
1.74741 – 1.75177 – 1.7613 – 1.74147 – 1.74445 – 1.74271 —
1.73575 – 1.73216 —
36.191143368671 – 28.081997238173 —
– —
1.74741 – 1767668400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Double bottom retreat down – – – – – – – –