EUR/AUD – 1H – SELL

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

A continuation of the downward movement down to the next support at 1.6298 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.64243 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.64243 – 1.63406 – 1.64182 – 1.6298 – 1.62891 – 1.63459 —
1.63749 – 1.63203 —
43.869325009858 – 29.816565548103 —
– —
1.64243 – 1777496400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –