EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.

A bearish movement downwards to the next support at 1.76883 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.78228 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Southern Doji’ chart pattern is detected. The candles form ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.78228 – 1.78831 – 1.78324 – 1.76883 – 1.77355 – 1.77220

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji