EUR/AUD – 30M – BUY

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

A bullish movement upwards to the next resistance at 1.70764 is expected.

Caution: A possible reversal of the trend in the direction of the support line at should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. 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).

1.70764 – 1.71023 – 1.70339 – 1.69631 – 1.68932 – 1.68956 —
1.69847 – 1.70835 —
41.65609796789 – 51.0701137526 —
– —
1.70764 – 1769772600

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