EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.73391 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.74741 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 1.7613 |
| 2nd High | 1.75177 |
| Next High | 1.74741 |
| Current Price | 1.73398 |
| Next Low | 1.73391 |
| 2nd Low | 1.72472 |
| 3rd Low | 1.7182 |
1.74741 – 1.75177 – 1.7613 – 1.74147 – 1.74445 – 1.74271 —
1.73682 – 1.73641 —
21.217409010954 – 27.099714470279 —
– —
1.74741 – 1767668400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –