The pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 1.64287 is expected.
Caution: A possible trend reversal in the direction of the support zone at 1.63792 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64628 |
| 2nd High | 1.64496 |
| Next High | 1.64287 |
| Current Price | 1.64168 |
| Next Low | 1.63792 |
| 2nd Low | 1.6367 |
| 3rd Low | 1.63371 |
1.64287 – 1.64496 – 1.64628 – 1.63792 – 1.6367 – 1.6414 —
1.64063 – 1.64131 —
50.816385519489 – 54.21651226306 —
– —
1.64287 – 1781481600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –