EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards
A descent downwards to the next support at 1.65080 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.65939 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.64894 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.65939 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern 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 | 1.67440 |
| 2nd High | 1.67107 |
| Next High | 1.65939 |
| Current Price | 1.65328 |
| Next Low | 1.65080 |
| 2nd Low | 1.64894 |
| 3rd Low | 1.64864 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows