EUR/AUD – 1H – BUY

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

An ascending movement upwards to the next resistance line at 1.64182 is expected.

Caution: A possible counter-trend in the direction of the support line at 1.63459 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘StochRSI %K crosses above 0.2’ indicator layout is detected. The indicator shows ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart scenario. The currency pair could go up.

There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

There is also a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.64182 – 1.64101 – 1.63868 – 1.63459 – 1.63424 – 1.63851 —
1.63872 – 1.63592 —
49.142722677289 – 30.788123585585 —
– —
1.64182 – 1777046400

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