EUR/AUD – 4H – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.

A descending movement downwards to the next support line at 1.72985 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.74562 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.74562 – 1.74544 – 1.76148 – 1.72985 – 1.73553 – 1.72907 —
1.73946 – 1.74407 —
47.34917767462 – 60.063881149303 —
– —
1.74562 – 1768406400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom retreat down – – – – – – – –