EUR/AUD – 1H – SELL

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

A descending movement down to the next support line at 1.63813 is expected.

Caution: A possible change in the direction of the resistance line at 1.64628 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI Bearish Divergence’ indicator signal is discovered. The indicator shows ‘StochRSI Bearish Divergence’. In der Regel bedeutet das ein negatives signal. Das Paar tendiert eventuell nach unten.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.63990572 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 1.64628 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Matching Low’ chart pattern is discovered. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.64361 – 1.64297 – 1.64628 – 1.63813 – 1.6372 – 1.6367 —
1.64333 – 1.64529 —
61.687022142482 – 66.721106575902 —
– —
1.64361 – 1781596800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –