EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.

A bearish trend downwards to the next support line at 1.64793 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.6595 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.64675848 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 1.6595 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.6595 – 1.65199 – 1.6593 – 1.64793 – 1.64523 – 1.64241 —
1.65482 – 1.65434 —
54.211345607916 – 55.008435485346 —
– —
1.6595 – 1772740800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – – – – – – – – –