EUR/AUD – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The combination Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline downwards

A bearish trend down to the next support level at 1.63321 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.64243 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.64243 – 1.63522 – 1.63406 – 1.63321 – 1.6298 – 1.62925 —
1.64182 – 1.64040 —
67.625634135315 – 60.630999243006 —
– —
1.64243 – 1777498200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –