EUR/AUD – 4H – SELL

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

A continuation of the downtrend downwards to the next support at is likely expected.

Caution: A possible change in the direction of the resistance level at 1.67194 could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Three Inside Down’ candlestick pattern is discovered. The candles form ‘Three Inside Down’. 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 likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.67194 – 1.67501 – 1.68309 – 1.64241 – 1.6425 – 1.6626 —
1.65199 – 1.65491 —
45.918087648592 – 52.290123832599 —
– —
1.67194 – 1772409600

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