The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at will persist.
Caution: A possible change in the direction of the resistance level at 1.67194 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
And also a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.68309 |
| 2nd High | 1.67501 |
| Next High | 1.67194 |
| Current Price | 1.65067 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.67194 – 1.67501 – 1.68309 – 1.6425 – 1.6626 – 1.66229 —
1.65238 – 1.65950 —
36.972399372311 – 54.39383892371 —
– —
1.67194 – 1772409600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –