The pair Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1.64361 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.63813 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64628 |
| 2nd High | 1.64496 |
| Next High | 1.64361 |
| Current Price | 1.64445 |
| Next Low | 1.63813 |
| 2nd Low | 1.63768 |
| 3rd Low | 1.6372 |
1.64361 – 1.64297 – 1.64287 – 1.63813 – 1.63768 – 1.6372 —
1.64342 – 1.64422 —
63.038826708755 – 71.926529415677 —
– —
1.64361 – 1781598600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –