EUR/AUD – 4H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance level at 1.78984 is expected.

Caution: A possible change in the direction of the support line at 1.76297 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.78984 – 1.77857 – 1.78002 – 1.76297 – 1.76722 – 1.75635 —
1.78411 – 1.77990 —
56.971882594409 – 49.715003310238 —
– —
1.78984 – 1762531200

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