EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 1.65642 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.66396 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1.66396 – 1.66251 – 1.6671 – 1.65642 – 1.65597 – 1.6588 —
1.66128 – 1.66112 —
55.637643413505 – 50.708419849002 —
– —
1.66396 – 1772206200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – – – – – – – – –