EUR/AUD – 4H – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support at 1.62483 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.64243 could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.62483 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.64243 could occur.
Consider stop-loss settings accordingly.

And also a ‘Collapsing Doji Star’ candlestick pattern is found. The candles form ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

1.64243 – 1.64182 – 1.64803 – 1.62483 – 1.62891 – 1.63424 —
1.62791 – 1.63346 —
34.412112340913 – 52.377780810513 —
1.62483 – 1777852800 —
1.64243 – 1777492800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Collapsing Doji Star – – – – – – – – –