EUR/AUD – 1H – BUY

The combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance at 1.79358 will continue.

Caution: A possible counter-trend in the direction of the support level at 1.77628 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.79358 – 1.78691 – 1.77406 – 1.77628 – 1.77303 – 1.76852 —
1.78811 – 1.77971 —
53.761427932211 – 38.938477827789 —
– —
1.79358 – 1763445600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom retreat down – – – –