EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support at 1.66554 is considered certain.

Caution: A possible change in the direction of the resistance line at 1.67258 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

There is also a ‘Bearish Belt Hold’ candle pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.67258 – 1.67098 – 1.67541 – 1.66554 – 1.66556 – 1.6626 —
1.67213 – 1.67144 —
58.113779892432 – 58.797520975514 —
– —
1.67258 – 1771821000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Belt Hold – – – – – – – – –