EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline downwards
A descent downwards to the next support level at is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.84480 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.85570 |
| Next High | 1.84480 |
| Current Price | 1.79985 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.84480 – 1.85570 – 1.83791 – 1.76975 – 1.79586 – 1.78770
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows