EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at 1.78332 is expected.

Caution: A possible change in the direction of resistance at 1.79735 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Matching Low’ candle chart pattern is found. The chart shows ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.79735 – 1.79641 – 1.79739 – 1.78332 – 1.78367 – 1.78112

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low –