EUR/AUD – 30M – SELL

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

A bearish trend downwards to the next support line at 1.6881 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.69842 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.69842 – 1.69447 – 1.69206 – 1.6881 – 1.68418 – 1.67963 —
1.69503 – 1.70358 —
57.607703950155 – 74.716916668514 —
– —
1.69842 – 1770312600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –