EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards

A continuation of the downward movement down to the next support level at 1.6626 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.67541 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Southern Doji’ chart pattern is existing. The chart forms ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.67541 – 1.6802 – 1.68018 – 1.6626 – 1.66571 – 1.67121 —
1.66592 – 1.67204 —
44.460981432766 – 57.892420075497 —
– —
1.67541 – 1771560000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – – – – – – – – –