EUR/AUD – 1H – BUY

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

A descent downwards to the next support line at will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.76294 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.

And also a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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).

1.76294 – 1.76222 – 1.75754 – 1.75042 – 1.75291 – 1.73858

Download EUR/AUD Signal Image

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