EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards

A bearish movement down to the next support at 1.75276 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 1.76291 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.75539 – 1.76291 – 1.76693 – 1.75276 – 1.7528 – 1.75295 —
1.75372 – 1.75549 —
40.678062837977 – 55.530725632389 —
1.75276 – 1765170000 —
1.75539 – 1765153800

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