EUR/AUD – 30M – BUY

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline upwards

A bullish trend upwards to the next resistance line at 1.64581 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 1.62897 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.64145196 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.64581 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Up’ candle pattern is existing. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.64581 – 1.64332 – 1.64562 – 1.64083 – 1.64265 – 1.63942 —
1.64353 – 1.64020 —
46.347916513628 – 21.761137122454 —
– —
1.64581 – 1776769200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Up – – – – – – – – –