EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A descending movement downwards to the next support line at 1.63342 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.63716 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64969 |
| 2nd High | 1.63924 |
| Next High | 1.63716 |
| Current Price | 1.64063 |
| Next Low | 1.63342 |
| 2nd Low | 1.63237 |
| 3rd Low | 1.61957 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing