The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards
The bearish trend down to the next support level at 1.65145 is certain.
Caution: A possible change in the direction of resistance at 1.66028 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ” indicator signal is detected. The indicator shows ”. which is often a bearish chart scenario. The pair is likely to go down.
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Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
Besides a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The pair is likely to go down.
Besides a ‘Tweezers Top’ candle chart pattern is detected. The candles show ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66217 |
| 2nd High | 1.66166 |
| Next High | 1.66028 |
| Current Price | 1.65882 |
| Next Low | 1.65145 |
| 2nd Low | 1.65015 |
| 3rd Low | 1.64343 |
1.66028 – 1.6543 – 1.65471 – 1.65145 – 1.65015 – 1.64343 —
1.65868 – 1.66096 —
66.632502887282 – 71.772919233355 —
– —
1.66028 – 1782757800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – – – – – – – – –