Sell EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support at 1.73858 is considered certain.

Caution: A possible change in the direction of resistance at 1.75754 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Inside Down’ candlestick pattern is found. The chart forms ‘Three Inside Down’. which is a negative signal. The 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 1.76719
2nd High 1.75866
Next High 1.75754
Current Price 1.75251
Next Low 1.73858
2nd Low 1.73686
3rd Low 1.73668

1.75754 – 1.75312 – 1.75866 – 1.73858 – 1.74644 – 1.74843

Download EUR/AUD Signal Image

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