EUR/AUD – 1H – BUY

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

The bullish trend up to the next resistance level at 1.64243 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.62796 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI Bullish Divergence’ indicator layout is existing. The indicator is ‘StochRSI Bullish Divergence’. Dieses ist oftmals ein bullisches chart scenario. Das Paar wird voraussichtlich nach oben gehen.

Moreover a ‘Bearish SBS White Lines’ candle chart pattern is discovered. The candles form ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.64243 – 1.63406 – 1.64182 – 1.62796 – 1.6298 – 1.62891 —
1.63180 – 1.62791 —
41.926585892522 – 28.987058025166 —
– —
1.64243 – 1777496400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines – – – – – – – – –