EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 1.78910 is certain.
Caution: A possible change in the direction of the resistance line at 1.80162 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.85570 |
| 2nd High | 1.84480 |
| Next High | 1.80162 |
| Current Price | 1.79197 |
| Next Low | 1.78910 |
| 2nd Low | 1.77609 |
| 3rd Low | 1.77156 |
1.80162 – 1.79394 – 1.79429 – 1.78910 – 1.78982 – 1.77609