EUR/AUD – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

The pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline downwards

A bearish movement downwards to the next support line at 1.77628 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.79358 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘%K fall below 80’ indicator layout is existing. The indicator shows ‘%K fall below 80’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.77344096 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.79358 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Southern Doji’ candlestick chart pattern is detected. The candles show ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.79358 – 1.78691 – 1.77406 – 1.77628 – 1.77303 – 1.76852 —
1.78565 – 1.78628 —
48.927197909984 – 41.881475313202 —
– —
1.79358 – 1763445600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – Rising Wedge Chart Pattern – – – –