EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
The bearish trend downwards to the next support line at 1.66311 will persist.
Caution: A possible change in the direction of the resistance level at 1.67440 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Inside Down’ candle chart pattern is detected. The chart forms ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.68016 |
| 2nd High | 1.67762 |
| Next High | 1.67440 |
| Current Price | 1.66781 |
| Next Low | 1.66311 |
| 2nd Low | 1.66197 |
| 3rd Low | 1.66040 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Inside Down