EUR/AUD – 30M – SELLAnd also a ‘Inverse Head and Shoulder chart pattern’ chart formation is found. The chart shows ‘Inverse Head and Shoulder chart pattern’. which is a positive signal. The pair is likely to go up.
The combination Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 1.78522 is considered certain.
Caution: A possible change in the direction of resistance at 1.78991 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.78522 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.78991 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79815 |
| 2nd High | 1.79759 |
| Next High | 1.78991 |
| Current Price | 1.78624 |
| Next Low | 1.78522 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.78991 – 1.78854 – 1.78937 – 1.78522 – 1.78644 – 1.78971 — 42.532754171656 – 36.925763363909 — 32.516421593145 – 9.5562001933913 – 41.919242439399 – 27.548264479344
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Inverse Head and Shoulder chart pattern – –