EUR/AUD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

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

A bearish descent downwards to the next support line at is considered certain.

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

Next 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 signal. 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