EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.73814 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.74441 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K cross below 0.8’ indicator layout is found. The indicator shows ‘%K cross below 0.8’. this is usually a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74741 |
| 2nd High | 1.74544 |
| Next High | 1.74441 |
| Current Price | 1.73811 |
| Next Low | 1.73814 |
| 2nd Low | 1.72907 |
| 3rd Low | 1.72472 |
1.74441 – 1.74544 – 1.74741 – 1.73814 – 1.73868 – 1.72907 —
1.74276 – 1.74209 —
59.33675208213 – 45.552087014609 —
– —
1.74441 – 1767978000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –