EUR/AUD – 4H – BUY

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

A bullish ascent upwards to the next resistance at 1.64243 will continue.

Caution: A possible trend reversal in the direction of the support level at 1.62891 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD-Hist Bullish Divergence’ indicator signal is existing. The indicator shows ‘MACD-Hist Bullish Divergence’. Dieses ist oftmals ein bearisches signal. Das Paar tendiert eventuell nach unten.

Next a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘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 likelyhood of ‘Three White Soldiers’ going up is 82%.

1.64243 – 1.64182 – 1.64803 – 1.62891 – 1.63424 – 1.63942 —
1.64100 – 1.63093 —
61.962015802094 – 40.451934878642 —
– —
1.64243 – 1777492800

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