EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 1.71109 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.71927 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.71927 – 1.71678 – 1.71924 – 1.71109 – 1.70989 – 1.71498 —
1.71264 – 1.71590 —
41.925104652098 – 57.715891249052 —
– —
1.71927 – 1769389200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Double bottom chart pattern – – – – – – – –