EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 1.72907 is likely expected.
Caution: A possible change in the direction of the resistance zone at 1.73975 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Matching Low’ candlestick pattern is detected. The candles show ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.75177 |
| 2nd High | 1.74741 |
| Next High | 1.73975 |
| Current Price | 1.73686 |
| Next Low | 1.72907 |
| 2nd Low | 1.72472 |
| 3rd Low | 1.7182 |
1.73975 – 1.74741 – 1.75177 – 1.72907 – 1.74147 – 1.74445 —
1.73674 – 1.73806 —
53.952994542073 – 62.929391998267 —
– —
1.73975 – 1767753000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Head and Shoulder chart pattern – – – – – – – –