The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 1.74544 is considered certain.
Caution: A possible counter-trend in the direction of the support level at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘Northern Doji’ candlestick 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.75177 |
| 2nd High | 1.74741 |
| Next High | 1.74544 |
| Current Price | 1.74072 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.74544 – 1.73827 – 1.73975 – 1.7359 – 1.73325 – 1.72907 —
1.74450 – 1.74126 —
59.031274624387 – 39.979549913097 —
– —
1.74544 – 1767859200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top chart pattern – – – – – – – –