EUR/AUD – 30M – BUY

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

An ascent upwards to the next resistance at 1.62421 will persist.

Caution: A possible change in the direction of the support zone at 1.6218 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.

In addition a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. 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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.62421 – 1.62548 – 1.63721 – 1.6218 – 1.61839 – 1.62691 —
1.62419 – 1.62181 —
48.763289090532 – 32.902130563368 —
– —
1.62421 – 1778124600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – – – – – – – – –