EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 1.66064 will persist.
Caution: A possible change in the direction of the resistance level at 1.66641 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Harami’ candle pattern is existing. The chart shows ‘Bearish Harami’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67440 |
| 2nd High | 1.67107 |
| Next High | 1.66641 |
| Current Price | 1.66159 |
| Next Low | 1.66064 |
| 2nd Low | 1.65839 |
| 3rd Low | 1.65777 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami