EUR/AUD – 30M – BUY

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline up.

A bullish ascent up to the next resistance at 1.7733 is certain.

Caution: A possible change in the direction of the support zone at 1.7664 should always be considered.
Consider stop-loss settings accordingly.

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

Besides a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.77136 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.7733 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Three Line Strike – Bullish’ candle chart pattern is discovered. The chart shows ‘Three Line Strike – Bullish’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).

1.7733 – 1.77561 – 1.77632 – 1.7664 – 1.7704 – 1.77207 —
1.77057 – 1.76980 —
46.301955460556 – 38.916768316937 —
– —
1.77330 – 1764675000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Line Strike – Bullish – Double bottom retreat down – – – – – – – –