EUR/AUD – 30M – BUY

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

An ascending movement upwards to the next resistance level at 1.79735 is considered certain.

Caution: A possible change in the direction of the support line at 1.78902 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.

There is also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

1.79735 – 1.79641 – 1.79739 – 1.78902 – 1.78987 – 1.78332

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Rising Wedge Chart Pattern