EUR/AUD – 30M – SELL

There is also a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

A continuation of the downward movement downwards to the next support level at 1.78103 is expected.

Caution: A possible change in the direction of the resistance zone at 1.79771 could occur.
Consider stop-loss settings accordingly.

There is also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

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

1.79771 – 1.78418 – 1.79344 – 1.78103 – 1.78143 – 1.78008 —
1.78153 – 1.78301 —
29.258065956826 – 35.177396559663 —
– —
1.79771 – 1764088200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top chart pattern – – – – – – – –