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 at 1.79967 is expected.

Caution: A possible counter-trend in the direction of the support level at 1.79184 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.79967 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.79967 is within the realm of possibility.
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’. this is a bullish pattern signal. The currency 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).

1.79967 – 1.79576 – 1.79498 – 1.79184 – 1.79154 – 1.78331 — 58.440229577777 – 66.546833927474 — 94.099415204678 – 100 – 77.636127355426 – 90.298245614035

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