The pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 1.62939 is considered certain.
Caution: A possible change in the direction of the support level at 1.61356 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ” indicator layout is found. The indicator shows ”. this is usually a bullish chart scenario. The currency pair could go up.
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And also a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
And also a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64582 |
| 2nd High | 1.63166 |
| Next High | 1.62939 |
| Current Price | 1.63061 |
| Next Low | 1.61356 |
| 2nd Low | 1.61282 |
| 3rd Low |
1.62939 – 1.62802 – 1.6235 – 1.61356 – 1.61282 – 1.62683 —
1.62687 – 1.62937 —
54.587316797639 – 64.258873379972 —
– —
1.62939 – 1773370800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Belt Hold – – – – – – – – –