EUR/AUD – 1H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 1.74544 will continue.
Caution: A possible counter-trend in the direction of support at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
Then a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.75785 |
| 2nd High | 1.74741 |
| Next High | 1.74544 |
| Current Price | 1.74029 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.74544 – 1.74741 – 1.75785 – 1.72907 – 1.74271 – 1.74898 —
1.74367 – 1.74028 —
54.411519335394 – 43.215237604895 —
– —
1.74544 – 1767859200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –