EUR/AUD – 30M – BUY

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

An ascending movement up to the next resistance at 1.64562 is certain.

Caution: A possible trend reversal in the direction of support at 1.64265 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

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

Moreover a ‘MACD-Hist Bullish Divergence’ indicator layout is existing. The indicator shows ‘MACD-Hist Bullish Divergence’. which could be a positive chart signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Three White Soldiers’ chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

1.64562 – 1.64803 – 1.64549 – 1.64265 – 1.63942 – 1.64063 —
1.64193 – 1.64251 —
44.173521287326 – 47.09196267178 —
– —
1.64562 – 1776693600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –