EUR/AUD – 30M – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 1.74544 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 1.73868 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
Furthermore a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 1.74360 |
| Next Low | 1.73868 |
| 2nd Low | 1.7359 |
| 3rd Low | 1.73325 |
1.74544 – 1.73827 – 1.73975 – 1.73868 – 1.7359 – 1.73325 —
1.74370 – 1.74356 —
65.892523281242 – 53.756381759191 —
– —
1.74544 – 1767859200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – – – – – – – –