EUR/AUD – 1H – BUY

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

A bullish movement up to the next resistance line at 1.79358 will persist.

Caution: A possible trend reversal in the direction of support at 1.77703 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.79358 – 1.78691 – 1.77406 – 1.77703 – 1.77628 – 1.77303 —
1.77865 – 1.78389 —
37.10227739022 – 55.271440623796 —
1.77703 – 1763499600 —
1.79358 – 1763445600

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