EUR/AUD – 30M – BUY

The combination Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.

The bullish trend upwards to the next resistance at 1.6671 will persist.

Caution: A possible change in the direction of the support line at 1.65648 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Moreover a ‘Three Outside Up’ candlestick pattern is found. The candles show ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.6671 – 1.66013 – 1.66064 – 1.65648 – 1.65684 – 1.65873 —
1.66297 – 1.66027 —
48.913210580163 – 47.443684802025 —
– —
1.6671 – 1772125200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – – – – – – – – –