EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.79523 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
And also a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.85570 |
| Next High | 1.79523 |
| Current Price | 1.79978 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.79523 – 1.85570 – 1.83011 – 1.76975 – 1.77467 – 1.79586
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows