EUR/AUD – 1H – SELL

In addition a ‘Double bottom retreat down’ chart formation is found. The chart shows ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.

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

A bearish descent downwards to the next support level at 1.78748 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.79647 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792 — 62.941831716793 – 40.956883201565 – 70.103281003889 – 58.047648057405

Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down – –