EUR/AUD – 1H – BUY

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

The bullish trend upwards to the next resistance line at 1.6595 will persist.

Caution: A possible counter-trend in the direction of the support line at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.

Next a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.657175 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.6595 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Up’ chart pattern is detected. The candles show ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.6595 – 1.6593 – 1.66273 – 1.64241 – 1.6425 – 1.65597 —
1.65230 – 1.65386 —
48.271685929222 – 47.733444598463 —
– —
1.6595 – 1772740800

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