EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support at 1.78629 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.79344 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.79344 – 1.79101 – 1.77966 – 1.78629 – 1.77411 – 1.7748 —
1.79010 – 1.79009 —
50.565895362942 – 50.490844984362 —
– —
1.79344 – 1763717400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –