EUR/AUD – 1H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 1.74544 will persist.
Caution: A possible change in the direction of the support line at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. this is a bullish 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 | 1.74234 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.74544 – 1.74741 – 1.75785 – 1.73868 – 1.72907 – 1.74271 —
1.74125 – 1.74421 —
53.706622601799 – 47.314205736924 —
– —
1.74544 – 1767859200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top chart pattern – – – – – – – –