EUR/AUD – 30M – BUYAlso there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.706345 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.71023 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Hammer’ candle chart pattern is found. The candles show ‘Hammer’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72337 |
| Next High | 1.71023 |
| Current Price | 1.69828 |
| Next Low | 1.68932 |
| 2nd Low | 1.67172 |
| 3rd Low | 1.67079 |
1.71023 – 1.70339 – 1.72337 – 1.68932 – 1.68956 – 1.6968 —
1.70102 – 1.69859 —
52.550288756844 – 48.304434914511 —
– —
1.71023 – 1769707800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Hammer – Double top retreat up – – – – – – – –