EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 1.6666 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.66968 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.66968 – 1.67357 – 1.67878 – 1.6666 – 1.66821 – 1.6695 —
1.66786 – 1.66811 —
36.800270072074 – 48.060432033594 —
– —
1.66968 – 1775471400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –