EUR/AUD – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards

A descent down to the next support at 1.76297 will persist.

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.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.79358 – 1.78984 – 1.77857 – 1.76297 – 1.76722 – 1.75635 —
1.78811 – 1.78524 —
48.402353996995 – 49.129151782005 —
– —
1.79358 – 1763438400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Rising Wedge Chart Pattern – – – –