EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 1.63424 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.64182 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

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

Also there is a ‘Last Engulfing Top’ candlestick chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.64182 – 1.64101 – 1.63868 – 1.63459 – 1.63424 – 1.63851 —
1.63140 – 1.63205 —
30.062900957215 – 41.144580347499 —
– —
1.64182 – 1777046400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Last Engulfing Top – – – – – – – – –