EUR/USD – 30M – BUY

The currency pair Euro/US Dollar (EUR/USD) jumps from the ascending trendline up.

A continuation of the upward movement up to the next resistance at 1.16073 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 1.15626 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Then a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.16073 – 1.1606 – 1.16145 – 1.1572 – 1.1571 – 1.15793 —
1.15885 – 1.15772 —
56.131075311372 – 36.051167020497 —
– —
1.16073 – 1763487000

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