EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline downwards
A bearish movement downwards to the next support level at 1.711 is certain.
Caution: A possible trend reversal in the direction of resistance at 1.71927 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Also there is a ‘Bullish Belt Hold’ chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72119 |
| Next High | 1.71927 |
| Current Price | 1.71790 |
| Next Low | 1.711 |
| 2nd Low | 1.70989 |
| 3rd Low | 1.70527 |
1.71927 – 1.71678 – 1.71924 – 1.711 – 1.71109 – 1.70989 —
1.71738 – 1.71798 —
62.527362285172 – 54.370504685278 —
– —
1.71927 – 1769389200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –