EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline downwards

A descent down to the next support level at 1.73858 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.76222 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Two Crows’ candlestick pattern is detected. The candles show ‘Two 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Next a ‘Double top chart pattern’ chart formation is existing. The chart picture shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

1.76222 – 1.75754 – 1.75312 – 1.75505 – 1.73858 – 1.74644

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows