EUR/AUD – 30M – BUYThe combination Euro/Australian Dollar (EUR/AUD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 1.65767 will continue.
Caution: A possible trend reversal in the direction of the support line at 1.65118 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 1.65496 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.65767 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Up’ candle chart pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65767 |
| Current Price | 1.65563 |
| Next Low | 1.65118 |
| 2nd Low | 1.64864 |
| 3rd Low | 1.64843 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up