EUR/AUD – 1H – SELLAlso there is a ‘Double bottom retreat down’ chart pattern is discovered. The chart picture shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline down.
The bearish trend downwards to the next support line at 1.78748 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.79647 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79735 |
| 2nd High | 1.79648 |
| Next High | 1.79647 |
| Current Price | 1.79621 |
| Next Low | 1.78748 |
| 2nd Low | 1.78332 |
| 3rd Low | 1.78112 |
1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792 — 62.941831716793 – 40.956883201565 – 70.103281003889 – 58.047648057405
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down – –