EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards

A continuation of the downtrend down to the next support level at 1.64241 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.65157 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.65157 – 1.65542 – 1.65688 – 1.64793 – 1.64523 – 1.64241 —
1.64814 – 1.64794 —
39.93731181165 – 43.449124064263 —
– —
1.65157 – 1773054000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – – – – – – – – –