EUR/AUD – 30M – BUY

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

A bullish ascent upwards to the next resistance level at 1.64074 is certain.

Caution: A possible change in the direction of support at 1.63459 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.64101 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 1.64074 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

1.64074 – 1.64101 – 1.63781 – 1.63459 – 1.63424 – 1.6382 —
1.64040 – 1.63974 —
62.317448901628 – 51.677396755906 —
– —
1.64074 – 1777010400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –