EUR/AUD – 30M – SELL

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.73322478 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.73786 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.73786 – 1.73345 – 1.74559 – 1.73427 – 1.73112 – 1.73105 —
1.73871 – 1.73843 —
67.823984795728 – 60.897419171532 —
– —
1.73786 – 1768581000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double top retreat up – – – – – – – –