EUR/AUD – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A descending movement downwards to the next support at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.79735 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

1.79735 – 1.79641 – 1.79739 – 1.78902 – 1.78987 – 1.78332

Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Rising Wedge Chart Pattern