EUR/AUD – 1H – BUY

The pair Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance at 1.79358 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 1.77703 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.79358 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.79358 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.78669 – 1.7884 – 1.79358 – 1.77703 – 1.77628 – 1.77303 —
1.77850 – 1.79101 —
40.148653452869 – 61.656129352179 —
– —
1.78669 – 1763578800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Rising Wedge Chart Pattern – – – –