EUR/AUD – 1H – BUYThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline upwards
An ascent up to the next resistance at 1.64625 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 1.63027 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ chart pattern is found. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64913 |
| 2nd High | 1.64801 |
| Next High | 1.64625 |
| Current Price | 1.63672 |
| Next Low | 1.63027 |
| 2nd Low | 1.62892 |
| 3rd Low | 1.62557 |
1.64625 – 1.64801 – 1.64913 – 1.64312 – 1.63973 – 1.64416 —
1.63479 – 1.63610 —
32.034224063203 – 46.347952111421 —
– —
1.64625 – 1783998000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – – – – – – – – –