EUR/AUD – 1H – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.74441 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74741 |
| 2nd High | 1.74544 |
| Next High | 1.74441 |
| Current Price | 1.74017 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.74441 – 1.74544 – 1.74741 – 1.73814 – 1.73868 – 1.72907 —
1.74262 – 1.74255 —
56.326832400795 – 49.115803684245 —
– —
1.74441 – 1767978000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – – – – – – – –