EUR/AUD – 30M – BUY

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

A bullish movement upwards to the next resistance level at 1.69046 will continue.

Caution: A possible trend reversal in the direction of the support level at 1.67854 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘RSI Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Bullish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar tendiert eventuell nach unten.

There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

There is also a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. 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 success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.69046 – 1.68582 – 1.70628 – 1.67854 – 1.67986 – 1.6881 —
1.68030 – 1.68004 —
35.826013465462 – 33.408853924214 —
– —
1.69046 – 1770640200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – Inverse Head and Shoulder chart pattern – – – – – – – –