EUR/AUD – 1H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance level at 1.67194 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.6449 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘StochOSC Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘StochOSC Hidden Bullish Divergence’. which is often a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

1.66227 – 1.64162 – 1.63187 – 1.6449 – 1.62897 – 1.62571 —
1.66445 – 1.66460 —
65.574307570671 – 56.677566725314 —
– —
1.66227 – 1774270800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –