EUR/AUD – 30M – SELL

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.62492 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.62968 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. which 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.62968 – 1.63499 – 1.63275 – 1.62493 – 1.6309 – 1.62492 —
1.62735 – 1.62742 —
39.465872951516 – 39.063910877705 —
– —
1.62968 – 1773689400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Belt Hold – – – – – – – – –