EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 1.73827 will persist.
Caution: A possible change in the direction of the support level at 1.73325 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Engulfing’ candlestick pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74741 |
| 2nd High | 1.73975 |
| Next High | 1.73827 |
| Current Price | 1.73701 |
| Next Low | 1.73325 |
| 2nd Low | 1.72907 |
| 3rd Low | 1.72472 |
1.73827 – 1.73975 – 1.74741 – 1.73325 – 1.72907 – 1.74147 —
1.73678 – 1.73681 —
49.471950306727 – 54.469236994591 —
– —
1.73827 – 1767808800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – Head and Shoulder chart pattern – – – – – – – –