EUR/AUD – 4H – BUY

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

A bullish trend upwards to the next resistance level at 1.64243 is considered certain.

Caution: A possible reversal of the trend in the direction of support at 1.62891 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

And also a ‘StochOSC Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘StochOSC Hidden Bullish Divergence’. this is usually a bullish chart signal. The pair is likely to go up.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

And also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.64243 – 1.64182 – 1.64803 – 1.62891 – 1.63424 – 1.63942 —
1.64243 – 1.62965 —
63.163660533371 – 34.1066597026 —
1.64243 – 1777492800 —
– 1777492800

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