The pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at will persist.
Caution: A possible change in the direction of the resistance zone at 1.73979 could occur.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
Then a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74562 |
| 2nd High | 1.74559 |
| Next High | 1.73979 |
| Current Price | 1.73455 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.73979 – 1.73786 – 1.73345 – 1.73328 – 1.73427 – 1.73112 —
1.73455 – 1.73555 —
43.756374197859 – 50.987325591176 —
– —
1.73979 – 1768793400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –