EUR/AUD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.64581 is certain.

Caution: A possible change in the direction of the support level at 1.64083 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Next a ‘Bullish Engulfing’ candle pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

1.64581 – 1.64562 – 1.64803 – 1.64083 – 1.63942 – 1.64063 —
1.64430 – 1.64380 —
48.526525306861 – 46.6068347035 —
– —
1.64581 – 1776769200

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