EUR/AUD – 1H – BUY

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

A bullish trend upwards to the next resistance level at 1.68542 will continue.

Caution: A possible change in the direction of the support level at 1.66229 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.684285 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.68542 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.68542 – 1.69046 – 1.70628 – 1.66229 – 1.66338 – 1.67103 —
1.67012 – 1.66998 —
50.75272181331 – 45.34505249696 —
– —
1.68542 – 1770710400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – Rising Wedge Chart Pattern – – – – – – – –