EUR/AUD – 30M – BUY

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

A bullish trend up to the next resistance line at 1.65157 is certain.

Caution: A possible change in the direction of the support zone at 1.64116 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.65157 – 1.65542 – 1.65688 – 1.64116 – 1.64244 – 1.64793 —
1.64411 – 1.64402 —
39.249670300359 – 44.068665115852 —
– —
1.65157 – 1773054000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Belt Hold – – – – – – – – –