The combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.68309 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.69046 |
| 2nd High | 1.68542 |
| Next High | 1.68309 |
| Current Price | 1.67490 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.68309 – 1.68542 – 1.69046 – 1.67181 – 1.66229 – 1.66338 —
1.67556 – 1.67754 —
49.126945650224 – 53.558338863946 —
– —
1.68309 – 1770998400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Symmetrical Triangle Chart Pattern – – – – – – – –