The combination Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 1.64992 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 1.6578 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
Also there is a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66968 |
| 2nd High | 1.66158 |
| Next High | 1.6578 |
| Current Price | 1.65708 |
| Next Low | 1.64992 |
| 2nd Low | 1.6449 |
| 3rd Low | 1.62897 |
1.6578 – 1.66158 – 1.65859 – 1.64992 – 1.65581 – 1.65377 —
1.65752 – 1.65818 —
59.565612194644 – 60.252649978554 —
– —
1.6578 – 1775827800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – – – – – – – – –