EUR/AUD – 1H – SELL

In addition a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.

The pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.

A bearish movement downwards to the next support at is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.79771 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.79771 – 1.79081 – 1.79344 – 1.78103 – 1.78008 – 1.77411 —
1.78281 – 1.78380 —
32.397638550574 – 43.924032068872 —
– —
1.79771 – 1764086400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double top chart pattern – – – – – – – –