The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 1.73885 will continue.
Caution: A possible change in the direction of the resistance zone at 1.74741 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76148 |
| 2nd High | 1.75785 |
| Next High | 1.74741 |
| Current Price | 1.74088 |
| Next Low | 1.73885 |
| 2nd Low | 1.73391 |
| 3rd Low | 1.72472 |
1.74741 – 1.75785 – 1.76148 – 1.74271 – 1.74898 – 1.75269 —
1.74572 – 1.74395 —
36.777433044668 – 35.140977975698 —
– —
1.74741 – 1767668400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double bottom retreat down – – – – – – – –