EUR/AUD – 1H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline downwards

A descent downwards to the next support line at 1.73858 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.76222 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. 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).

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

1.76222 – 1.75754 – 1.77520 – 1.73858 – 1.74624 – 1.75938

Download EUR/AUD Signal Image

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