EUR/AUD – 1H – BUY

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

A bullish trend upwards to the next resistance level at 1.74378 will persist.

Caution: A possible counter-trend in the direction of support at 1.73597 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair could go up.

Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart 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 will persist. Target of the current trend is 1.74308176 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.74378 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The 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).

1.74378 – 1.74441 – 1.74544 – 1.73597 – 1.73814 – 1.73868 —
1.73840 – 1.73993 —
43.657291880399 – 48.248904491495 —
– —
1.74378 – 1768215600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –