Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.
A descent down to the next support level at 1.67963 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.69046 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.71465 |
| 2nd High | 1.70628 |
| Next High | 1.69046 |
| Current Price | 1.67965 |
| Next Low | 1.67963 |
| 2nd Low | 1.67613 |
| 3rd Low | 1.67172 |
1.69046 – 1.70628 – 1.69447 – 1.67986 – 1.67963 – 1.67613 —
1.68972 – 1.68077 —
51.082726546176 – 37.561594240064 —
– —
1.69046 – 1770638400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Symmetrical Triangle Chart Pattern – – – – – – – –