EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.
The bearish trend down to the next support line at 1.64427 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.65392 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65604 |
| Next High | 1.65392 |
| Current Price | 1.65064 |
| Next Low | 1.64427 |
| 2nd Low | 1.63504 |
| 3rd Low | 1.63342 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows