EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A bearish descent downwards to the next support at 1.61689 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.62376 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62792 |
| 2nd High | 1.62449 |
| Next High | 1.62376 |
| Current Price | 1.62629 |
| Next Low | 1.61689 |
| 2nd Low | 1.61260 |
| 3rd Low | 1.60040 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows