EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 1.74544 will persist.
Caution: A possible counter-trend in the direction of the support line at 1.73868 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair could go up.
Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Moreover a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going 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 | 1.74234 |
| Next Low | 1.73868 |
| 2nd Low | 1.7359 |
| 3rd Low | 1.73325 |
1.74544 – 1.73827 – 1.73975 – 1.73868 – 1.7359 – 1.73325 —
1.74356 – 1.74239 —
53.756381428092 – 47.987646070305 —
– —
1.74544 – 1767859200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top chart pattern – – – – – – – –