EUR/AUD – 30M – BUY

The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 1.7725 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.76565 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 1.7725 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.7725 could be enabled.
Consider stop-loss settings accordingly.

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

1.7725 – 1.76579 – 1.76984 – 1.76565 – 1.76003 – 1.75635 —
1.77044 – 1.76964 —
58.475309760974 – 50.298783862586 —
– —
1.77250 – 1762257600

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