EUR/AUD – 30M – BUY

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

A bullish movement upwards to the next resistance level at 1.79344 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.78008 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

And also a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.78930338 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.79344 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. 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).

1.78418 – 1.79344 – 1.79101 – 1.78008 – 1.78629 – 1.77411 —
1.78340 – 1.78271 —
47.86672560789 – 43.108312596611 —
– —
1.78418 – 1763956800

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