EUR/AUD – 30M – SELLFurthermore a ‘Double top chart pattern’ chart pattern is detected. The formation shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
The combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.78238 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.78759 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79759 |
| 2nd High | 1.78991 |
| Next High | 1.78759 |
| Current Price | 1.78232 |
| Next Low | 1.78238 |
| 2nd Low | 1.78112 |
| 3rd Low | 1.7809 |
1.78759 – 1.78991 – 1.78854 – 1.78238 – 1.78522 – 1.78648 — 44.991145690975 – 33.116798552913 — 83.81997287324 – 52.132620320856 – 83.635424851678 – 73.165248011664
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double top chart pattern – –