EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.78136 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.78759 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79759 |
| 2nd High | 1.78991 |
| Next High | 1.78759 |
| Current Price | 1.77958 |
| Next Low | 1.78136 |
| 2nd Low | 1.77991 |
| 3rd Low | 1.77282 |
1.78759 – 1.78991 – 1.79759 – 1.78136 – 1.77991 – 1.78522 — 28.756791039962 – 27.400137575403 — 0.1686290310546 – 0 – 0.1686290310546 – 0.1124193540364
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double top retreat up – –