The pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline downwards
The bearish trend downwards to the next support at 1.74445 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.75177 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76148 |
| 2nd High | 1.7613 |
| Next High | 1.75177 |
| Current Price | 1.74474 |
| Next Low | 1.74445 |
| 2nd Low | 1.74271 |
| 3rd Low |
1.75177 – 1.7613 – 1.76148 – 1.74445 – 1.74271 – 1.74756 —
1.74613 – 1.74619 —
37.677750204676 – 46.398077198431 —
1.74445 – 1767664800 —
1.75177 – 1767607200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –