The combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 1.64243 is considered certain.
Caution: A possible change in the direction of the support zone at 1.6298 could be enabled.
Consider stop-loss settings accordingly.
And also a ” indicator signal is discovered. The indicator shows ”. which could be a positive chart scenario. The currency pair is likely to rise.
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And also a ‘StochRSI %K crosses above 0.2’ indicator signal is discovered. The indicator shows ‘StochRSI %K crosses above 0.2’. which could be a positive chart scenario. The currency pair is likely to rise.
And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64803 |
| 2nd High | 1.64581 |
| Next High | 1.64243 |
| Current Price | 1.63278 |
| Next Low | 1.6298 |
| 2nd Low | 1.62891 |
| 3rd Low | 1.62571 |
1.64243 – 1.63406 – 1.64182 – 1.6298 – 1.62891 – 1.63459 —
1.64015 – 1.63568 —
57.911173936546 – 30.905357900901 —
– —
1.64243 – 1777496400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –