EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 1.62081 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.62364 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62998 |
| 2nd High | 1.62792 |
| Next High | 1.62364 |
| Current Price | 1.62095 |
| Next Low | 1.62081 |
| 2nd Low | 1.62029 |
| 3rd Low | 1.61911 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows