EUR/AUD – 1H – SELL

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

The bearish trend downwards to the next support level at 1.77628 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.79358 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.

Additionally a ‘%K cross above 20’ indicator signal is existing. The indicator is ‘%K cross above 20’. this is usually a bullish chart signal. The currency pair could go up.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Additionally a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

1.79358 – 1.78691 – 1.77406 – 1.77628 – 1.77303 – 1.76852 —
1.78238 – 1.77861 —
42.90026970351 – 37.931987676306 —
– —
1.79358 – 1763445600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – Double bottom retreat down – – – –