EUR/AUD – 1H – SELL

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

A bearish movement down to the next support line at 1.76895 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.78472 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern 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).

1.78472 – 1.79771 – 1.79081 – 1.76895 – 1.77104 – 1.77367 —
1.77412 – 1.77472 —
45.758522211199 – 52.911691809648 —
– —
1.78472 – 1764165600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –