EUR/AUD – 30M – SELLAlso there is a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.67149 |
| Next High | 1.67046 |
| Current Price | 1.66799 |
| Next Low | 1.66040 |
| 2nd Low | 1.65662 |
| 3rd Low | 1.65406 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing