EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 1.64083 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.64628 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. 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 will continue. Target of the current trend is 1.64083 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 1.64628 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.64628 – 1.65168 – 1.65016 – 1.6414 – 1.64717 – 1.64435 —
1.64395 – 1.64406 —
43.89511797998 – 44.955551891271 —
– —
1.64628 – 1781258400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –