EUR/AUD – 30M – BUY

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

An ascending movement upwards to the next resistance at 1.64162 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.62571 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.

There is also a ‘StochRSI Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘StochRSI Hidden Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

There is also a ‘Bearish SBS White Lines’ candle chart pattern is existing. The chart shows ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.64162 – 1.63187 – 1.63122 – 1.62571 – 1.62775 – 1.62511 —
1.63476 – 1.63272 —
49.817670684077 – 38.762218697146 —
– —
1.64162 – 1773936000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –