EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 1.62483 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.63347 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.63347 – 1.64015 – 1.64243 – 1.62483 – 1.62796 – 1.62982 —
1.63019 – 1.62967 —
61.09480576111 – 58.086971535559 —
– —
1.63347 – 1777640400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – – – – – – – – –