EUR/AUD – 4H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline downwards

The bearish trend downwards to the next support line at 1.76501 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.78876 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.

Also there is a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

1.78876 – 1.80162 – 1.84480 – 1.76501 – 1.77609 – 1.77156

Download EUR/AUD Signal Image

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