EUR/AUD – 1H – BUY

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

A bullish trend upwards to the next resistance at 1.64182 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.63459 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

And also a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.64182 – 1.64101 – 1.63868 – 1.63459 – 1.63424 – 1.63851 —
1.64142 – 1.63980 —
54.627283075344 – 46.541801833342 —
– —
1.64182 – 1777046400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – – – – – – – – –