EUR/AUD – 1H – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards
A bearish descent downwards to the next support line at 1.6449 is expected.
Caution: A possible trend reversal in the direction of resistance at 1.66166 could happen.
Consider stop-loss settings accordingly.
Next a ‘Tweezers Top’ candle chart pattern is discovered. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66898 |
| 2nd High | 1.66217 |
| Next High | 1.66166 |
| Current Price | 1.64521 |
| Next Low | 1.6449 |
| 2nd Low | 1.62897 |
| 3rd Low | 1.62571 |
1.66166 – 1.66217 – 1.66898 – 1.65149 – 1.65493 – 1.64992 —
1.64872 – 1.64566 —
28.562780514722 – 28.590740442385 —
– —
1.66166 – 1776160800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – – – – – – – – –