EUR/AUD – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 1.63942 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.64803 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.64803 – 1.66898 – 1.68458 – 1.63942 – 1.64992 – 1.65003 —
1.64496 – 1.64581 —
38.486485241744 – 45.289206086805 —
– —
1.64803 – 1776643200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – – – – – – – – –