EUR/AUD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.63002 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.63348 could occur.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Tweezers Top’ candlestick chart pattern is discovered. The candles form ‘Tweezers Top’. this 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.63348 – 1.63135 – 1.63347 – 1.63002 – 1.62483 – 1.62796 —
1.63087 – 1.63287 —
52.384679545083 – 65.19245789166 —
– —
1.63348 – 1777921200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – – – – – – – – –