EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.
A bearish descent downwards to the next support level at 1.65803 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.67046 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. this 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 | |
| 2nd High | 1.67149 |
| Next High | 1.67046 |
| Current Price | 1.66015 |
| Next Low | 1.65803 |
| 2nd Low | 1.65406 |
| 3rd Low | 1.65118 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows