EUR/AUD – 1H – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.

The bearish trend down to the next support at 1.77303 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.78669 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.78669 – 1.7884 – 1.79358 – 1.77703 – 1.77628 – 1.77303 —
1.77736 – 1.77850 —
40.212866307293 – 40.148653170917 —
– —
1.78669 – 1763578800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Symmetrical Triangle Chart Pattern – – – –