EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.

A descent down to the next support at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.7194 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.

Moreover a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.7194 – 1.71927 – 1.72119 – 1.711 – 1.70989 – 1.71581 —
1.71929 – 1.71734 —
54.571496959949 – 51.542628619252 —
– —
1.71940 – 1769479200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –