EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 1.79898 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 1.79154 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.79576 – 1.79498 – 1.79898 – 1.79154 – 1.78331 – 1.78748 — 63.778138219919 – 69.567463508239 — 78.05222610141 – 85.58686558601 – 63.205025153079 – 76.135184433875

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – –