EUR/AUD – 30M – SELLThe pair goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 1.62029 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.62772 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63543 |
| 2nd High | 1.63047 |
| Next High | 1.62772 |
| Current Price | 1.62571 |
| Next Low | 1.62029 |
| 2nd Low | 1.61911 |
| 3rd Low | 1.61829 |