EUR/AUD – 30M – BUY

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

The bullish trend up to the next resistance level at 1.66396 is considered certain.

Caution: A possible change in the direction of support at 1.65597 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.

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

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Next a ‘Mat Hold’ candlestick pattern is discovered. The candles form ‘Mat Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Mat Hold’ going up is 78% (Bull Market) & 67% (Bear Market).

1.66396 – 1.66251 – 1.6671 – 1.65597 – 1.6588 – 1.65648 —
1.66188 – 1.66125 —
52.990253095615 – 54.275372038333 —
– —
1.66396 – 1772206200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Mat Hold – – – – – – – – –