EUR/AUD – 30M – SELLMoreover a ‘Double top chart pattern’ chart formation is existing. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.
A bearish movement downwards to the next support at 1.73112 is expected.
Caution: A possible change in the direction of the resistance line at 1.73979 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74562 |
| 2nd High | 1.74559 |
| Next High | 1.73979 |
| Current Price | 1.73362 |
| Next Low | 1.73112 |
| 2nd Low | 1.73105 |
| 3rd Low | 1.72985 |
1.73979 – 1.73786 – 1.73345 – 1.73427 – 1.73112 – 1.73105 —
1.73491 – 1.73544 —
39.739320271197 – 44.699004268669 —
– —
1.73979 – 1768793400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Double top chart pattern – – – – – – – –