The combination Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 1.63348 will continue.
Caution: A possible reversal of the trend in the direction of support at could occur.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64243 |
| 2nd High | 1.64015 |
| Next High | 1.63348 |
| Current Price | 1.63129 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.63348 – 1.63135 – 1.63347 – 1.62483 – 1.62796 – 1.62982 —
1.63348 – 1.63130 —
67.357215410552 – 54.399940954381 —
1.63348 – 1777921200 —
– 1777921200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –