EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.
A bearish descent down to the next support line at 1.66040 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.67107 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67762 |
| 2nd High | 1.67440 |
| Next High | 1.67107 |
| Current Price | 1.66173 |
| Next Low | 1.66040 |
| 2nd Low | 1.65662 |
| 3rd Low | 1.65406 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top