EUR/AUD – 30M – BUYThe pair Euro/Australian Dollar (EUR/AUD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.65767 is certain.
Caution: A possible change in the direction of the support line at 1.64864 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 1.65284 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.65767 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. 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 | 1.65358 |
| Next Low | 1.64864 |
| 2nd Low | 1.64843 |
| 3rd Low | 1.64748 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up