EUR/AUD – 1H – BUY

The pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance level at 1.79771 is expected.

Caution: A possible counter-trend in the direction of the support zone at 1.78103 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).

1.79771 – 1.79081 – 1.79344 – 1.78103 – 1.78008 – 1.77411 —
1.78443 – 1.78236 —
38.517750865857 – 29.742201277387 —
– —
1.79771 – 1764086400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – – – – – – – –