EUR/AUD – 1H – BUY

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

A bullish movement upwards to the next resistance line at 1.64182 is certain.

Caution: A possible counter-trend in the direction of the support line at 1.63459 could happen.
Consider stop-loss settings accordingly.

Besides a ‘MACD Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Besides a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

1.64182 – 1.64101 – 1.63868 – 1.63459 – 1.63424 – 1.63851 —
1.63980 – 1.63606 —
46.541800004449 – 38.013790155265 —
– —
1.64182 – 1777046400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –