EUR/AUD – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 1.63275 is likely expected.

Caution: A possible change in the direction of the support level at 1.62492 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.63275 – 1.62939 – 1.62802 – 1.62492 – 1.62509 – 1.61356 —
1.63016 – 1.63404 —
58.649852822291 – 65.102744389838 —
– —
1.63275 – 1773394200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –