EUR/AUD – 4H – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance line at 1.67194 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.67194 – 1.67501 – 1.68309 – 1.6425 – 1.6626 – 1.66229 —
1.65266 – 1.65945 —
40.670205252881 – 58.641503146356 —
– —
1.67194 – 1772409600

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