EUR/AUD – 4H – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline down.

The bearish trend downwards to the next support at 1.76297 will continue.

Caution: A possible change in the direction of the resistance level at 1.77632 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘%K fall below 80’ indicator layout is detected. The indicator is ‘%K fall below 80’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.77632 – 1.79771 – 1.79358 – 1.76895 – 1.77411 – 1.76297 —
1.77109 – 1.76850 —
39.062738026218 – 30.696987552764 —
– —
1.77632 – 1764590400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –