EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1.77628 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.78691 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.78691 – 1.77406 – 1.7784 – 1.77628 – 1.77303 – 1.76852 —
1.78044 – 1.78680 —
51.348333415201 – 66.966864377213 —
– —
1.78691 – 1763128800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Double bottom retreat down – – – –