EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.72472 will continue.
Caution: A possible change in the direction of the resistance level at 1.74741 should be noted.
Consider stop-loss settings accordingly.
Next a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.7613 |
| 2nd High | 1.75177 |
| Next High | 1.74741 |
| Current Price | 1.73126 |
| Next Low | 1.72472 |
| 2nd Low | 1.7182 |
| 3rd Low | 1.7112 |
1.74741 – 1.75177 – 1.7613 – 1.74147 – 1.74445 – 1.74271 —
1.73521 – 1.73434 —
35.949622712396 – 34.221571316613 —
– —
1.74741 – 1767668400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –