EUR/AUD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.62548 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.62548 – 1.63721 – 1.63348 – 1.62180 – 1.61839 – 1.62691 —
1.62335 – 1.62421 —
47.760502994955 – 52.612973855991 —
1.62180 – 1778112000 —
1.62548 – 1778095800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – – – – – – – – –