EUR/AUD – 30M – BUY

The combination Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance at 1.77725 is certain.

Caution: A possible trend reversal in the direction of support at 1.77176 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.77897 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 1.77725 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.77725 – 1.77666 – 1.77138 – 1.77176 – 1.76221 – 1.76018 — 45.500231354277 – 48.75023565193 — 4.4880016956602 – 8.7612744466813 – 10.960552222183 – 7.3326137394278

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