EUR/AUD – 1H – BUY

The combination Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance at 1.79415 will continue.

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

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.79285208 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.79415 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency 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).

1.79415 – 1.79018 – 1.79904 – 1.78367 – 1.78112 – 1.77282

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