EUR/AUD – 1H – SELL

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

A continuation of the downtrend down to the next support at will continue.

Caution: A possible trend reversal in the direction of resistance at 1.71023 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.71023 – 1.72337 – 1.7194 – 1.69413 – 1.68932 – 1.71419 —
1.71257 – 1.70521 —
64.378611979527 – 45.501884122515 —
– —
1.71023 – 1769706000

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