EUR/AUD – 30M – BUY

Moreover a ‘Falling Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Falling Wedge Chart Pattern’. which is a positive pattern signal. The pair is likely to go up.

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.

A bullish ascent up to the next resistance line at 1.77512 is certain.

Caution: A possible trend reversal in the direction of the support level at 1.76632 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.775165 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.77512 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency 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).

1.77512 – 1.77565 – 1.78228 – 1.76632 – 1.76883 – 1.77355

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