EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.77565 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.76632 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.77565 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.77565 – 1.78228 – 1.78401 – 1.76632 – 1.76883 – 1.77355

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