EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1.78103 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.79081 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.783775 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.79081 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.79081 – 1.79344 – 1.78669 – 1.78103 – 1.78008 – 1.77411 —
1.78914 – 1.78966 —
59.366244236517 – 56.839373799794 —
– —
1.79081 – 1763992800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom retreat down – – – – – – – –