EUR/AUD – 1H – BUY

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

An ascending movement upwards to the next resistance at 1.63348 will continue.

Caution: A possible change in the direction of support at 1.62483 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ” indicator layout is existing. The indicator shows ”. which could be a positive signal. The currency pair is likely to rise.

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Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Bullish Belt Hold’ candle pattern is discovered. The candles form ‘Bullish Belt Hold’. this 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.63348 – 1.64243 – 1.63406 – 1.62483 – 1.62796 – 1.6298 —
1.63153 – 1.63337 —
58.552973149778 – 64.52956245886 —
– —
1.63348 – 1777921200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –