EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the bearish trend down to the next support level at 1.73597 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.74378 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.74378 – 1.74441 – 1.74544 – 1.73597 – 1.73814 – 1.73868 —
1.73739 – 1.74101 —
37.697422231692 – 56.949201463688 —
1.73597 – 1768276800 —
1.74378 – 1768215600

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