EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.70628 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.70628 – 1.69842 – 1.69447 – 1.6881 – 1.68418 – 1.67963 —
1.69942 – 1.69779 —
51.494323199255 – 45.06957212791 —
– —
1.70628 – 1770343200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –