EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 1.65542 will persist.
Caution: A possible change in the direction of support at 1.64793 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6595 |
| 2nd High | 1.65688 |
| Next High | 1.65542 |
| Current Price | 1.64957 |
| Next Low | 1.64793 |
| 2nd Low | 1.64523 |
| 3rd Low | 1.64241 |
1.65542 – 1.65688 – 1.6595 – 1.64793 – 1.64523 – 1.64241 —
1.65197 – 1.64979 —
40.377808446154 – 46.017944379264 —
– —
1.65542 – 1773027000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – – – – – – – – –