EUR/AUD – 30M – SELLNext a ‘%K cross below 0.8’ indicator layout is found. The indicator shows ‘%K cross below 0.8’. which could be a negative chart scenario. The currency pair could go down.
Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.73815144 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.74378 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74544 |
| 2nd High | 1.74441 |
| Next High | 1.74378 |
| Current Price | 1.73827 |
| Next Low | 1.73814 |
| 2nd Low | 1.7359 |
| 3rd Low | 1.73325 |
1.74378 – 1.74441 – 1.74544 – 1.73814 – 1.73878 – 1.73868 —
1.74215 – 1.74166 —
53.340575198826 – 42.941112678284 —
– —
1.74378 – 1768215600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –