EUR/AUD – 30M – BUYAnd also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.6966067 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.71023 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72337 |
| Next High | 1.71023 |
| Current Price | 1.70576 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.71023 – 1.70339 – 1.72337 – 1.69631 – 1.68932 – 1.68956 —
1.70231 – 1.70668 —
54.789034321851 – 65.455134052142 —
– —
1.71023 – 1769707800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –