EUR/AUD – 30M – BUY

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

A bullish trend upwards to the next resistance line at 1.63348 will persist.

Caution: A possible reversal of the trend in the direction of support at 1.62960 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.63653448 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.63348 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.63348 – 1.63135 – 1.63347 – 1.62960 – 1.63002 – 1.62483 —
1.63346 – 1.63428 —
59.094076787974 – 50.599217697745 —
1.62960 – 1777966200 —
1.63348 – 1777921200

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