EUR/AUD – 1H – BUY

The combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards

An ascending movement up to the next resistance level at 1.64243 is certain.

Caution: A possible reversal of the trend in the direction of support at 1.62483 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.63363 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.64243 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.64243 – 1.63406 – 1.64182 – 1.62483 – 1.62796 – 1.6298 —
1.62706 – 1.62798 —
34.299383052849 – 42.872902527193 —
– —
1.64243 – 1777496400

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