The combination Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 1.65168 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.63027 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Additionally a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The 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 | 1.68458 |
| 2nd High | 1.66898 |
| Next High | 1.65168 |
| Current Price | 1.64768 |
| Next Low | 1.63027 |
| 2nd Low | 1.61894 |
| 3rd Low | 1.61104 |
1.64535 – 1.65168 – 1.62761 – 1.63027 – 1.6305 – 1.6367 —
1.64703 – 1.64720 —
67.264214434781 – 65.4298736365 —
– —
1.64535 – 1781683200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –