EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.

A bearish descent downwards to the next support level at 1.62571 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.64162 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

1.64162 – 1.63187 – 1.63122 – 1.62571 – 1.62775 – 1.62511 —
1.63736 – 1.63550 —
65.458994814931 – 54.797041569872 —
– —
1.64162 – 1773936000

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