EUR/AUD – 1H – BUY

The combination Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.73653 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.73653 – 1.73657 – 1.71827 – 1.71044 – 1.70527 – 1.70493

Download EUR/AUD Signal Image

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