EUR/AUD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 1.67181 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.68018 could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.68018 – 1.68309 – 1.68542 – 1.67181 – 1.66229 – 1.66338 —
1.67725 – 1.67993 —
46.520621200172 – 62.959521646725 —
– —
1.68018 – 1771304400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –