EUR/AUD – 1H – SELL

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

A continuation of the bearish trend down to the next support at 1.63459 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.64101 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.63671598 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 1.64101 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.64101 – 1.63868 – 1.64581 – 1.63459 – 1.63424 – 1.63851 —
1.64040 – 1.64182 —
57.714946398326 – 61.761714509423 —
– —
1.64101 – 1776974400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –