EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline up.

An ascent upwards to the next resistance level at 1.67098 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 1.66229 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).

1.67098 – 1.67541 – 1.67252 – 1.66515 – 1.66693 – 1.66571 —
1.66924 – 1.66712 —
44.269041244826 – 39.188027555828 —
– —
1.67098 – 1771597800

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