EUR/AUD – 1H – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.
A bearish movement down to the next support level at 1.65080 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.65939 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Harami’ candle pattern is existing. The candles show ‘Bearish Harami’. which 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 likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.68016 |
| 2nd High | 1.67762 |
| Next High | 1.65939 |
| Current Price | 1.65568 |
| Next Low | 1.65080 |
| 2nd Low | 1.64894 |
| 3rd Low | 1.64748 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami