Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 1.77411 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.79358 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.
Furthermore a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.8448 |
| 2nd High | 1.81566 |
| Next High | 1.79358 |
| Current Price | 1.77843 |
| Next Low | 1.77411 |
| 2nd Low | 1.76297 |
| 3rd Low | 1.75635 |
1.79358 – 1.78984 – 1.77857 – 1.77411 – 1.76297 – 1.76722 —
1.78731 – 1.78472 —
53.529897067433 – 42.713370940882 —
– —
1.79358 – 1763438400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –