EUR/AUD – 30M – BUY

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

A continuation of the upward movement up to the next resistance level at 1.81511 will persist.

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

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.81511 – 1.80604 – 1.80168 – 1.80950 – 1.80232 – 1.79451 — 57.354698731181 – 62.083754362183 — 24.511717121174 – 54.677674922859 – 26.394002833877 – 32.309292322073

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top retreat up – –