EUR/AUD – 30M – BUY

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

A bullish trend up to the next resistance line at 1.70846 is certain.

Caution: A possible counter-trend in the direction of the support zone at is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Three Outside Up’ candle pattern is detected. The candles show ‘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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.70846 – 1.70764 – 1.71023 – 1.69413 – 1.69631 – 1.68932 —
1.70432 – 1.70598 —
56.603004743248 – 53.243918067614 —
– —
1.70846 – 1769803200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – Head and Shoulder chart pattern – – – – – – – –