EUR/AUD – 30M – BUY

The pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline up.

A bullish trend up to the next resistance line at 1.63721 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.61839 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.6278 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 1.63721 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

1.63721 – 1.63348 – 1.63135 – 1.61839 – 1.62691 – 1.6296 —
1.62130 – 1.62254 —
37.405766713116 – 47.926722041268 —
1.61839 – 1778061600 —
1.63721 – 1777969800

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