EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 1.6881 will continue.

Caution: A possible change in the direction of the resistance zone at 1.70628 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

In addition a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.70628 – 1.69842 – 1.69447 – 1.6881 – 1.68418 – 1.67963 —
1.69915 – 1.69522 —
54.331227564655 – 39.305053271054 —
– —
1.70628 – 1770343200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Double bottom chart pattern – – – – – – – –