EUR/AUD – 30M – BUY

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

An ascent upwards to the next resistance at 1.78759 is certain.

Caution: A possible counter-trend in the direction of the support line at 1.78238 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.78813292 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.78759 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.78759 – 1.78991 – 1.78854 – 1.78238 – 1.78522 – 1.78648 — 52.665662738351 – 56.002169670061 — 83.521055796642 – 83.521055796642 – 81.483554695582 – 81.678849469323

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