EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline upwards

The bullish trend upwards to the next resistance line at 1.71924 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.7112 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).

1.71924 – 1.72119 – 1.74224 – 1.71498 – 1.716 – 1.71581 —
1.71749 – 1.71613 —
42.526275758666 – 33.709088828332 —
– —
1.71924 – 1769130000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –