The pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A bearish trend down to the next support line at 1.64314 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.65168 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Last Engulfing Top’ candle chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66217 |
| 2nd High | 1.66166 |
| Next High | 1.65168 |
| Current Price | 1.64695 |
| Next Low | 1.64314 |
| 2nd Low | 1.63027 |
| 3rd Low | 1.62892 |
1.64703 – 1.6372 – 1.63576 – 1.64314 – 1.63027 – 1.63278 —
1.64951 – 1.64962 —
58.594757916069 – 61.22464190772 —
– —
1.64703 – 1782248400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Last Engulfing Top – – – – – – – – –