EUR/AUD – 1H – BUY

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

A bullish ascent up to the next resistance level at 1.74378 is certain.

Caution: A possible change in the direction of the support level at 1.73597 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.74378 – 1.74441 – 1.74544 – 1.73597 – 1.73814 – 1.73868 —
1.74101 – 1.74393 —
56.94920087661 – 62.305820260675 —
– —
1.74378 – 1768215600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom retreat down – – – – – – – –