The pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.
A bearish movement downwards to the next support line at will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.75754 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency 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 | 1.78820 |
2nd High | 1.77520 |
Next High | 1.75754 |
Current Price | 1.75402 |
Next Low | |
2nd Low | |
3rd Low |
1.75754 – 1.77520 – 1.78820 – 1.73858 – 1.74624 – 1.75938
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows