EUR/AUD – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance line at 1.74449 will continue.

Caution: A possible change in the direction of the support zone at is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 1.74257256 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 1.74449 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The 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).

1.74449 – 1.73945 – 1.74378 – 1.73553 – 1.73597 – 1.73705 —
1.73905 – 1.74021 —
38.810400600406 – 47.630839330237 —
– —
1.74449 – 1768323600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –