EUR/AUD – 30M – SELL

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

A continuation of the downward movement down to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.63166 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Last Engulfing Bottom:’ candlestick pattern is discovered. The candles show ‘Last Engulfing Bottom:’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

1.63166 – 1.64582 – 1.65157 – 1.62683 – 1.64116 – 1.64244 —
1.63158 – 1.62787 —
44.226013387456 – 29.230583397205 —
– —
1.63166 – 1773183600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Last Engulfing Bottom: – – – – – – – – –