EUR/AUD – 30M – SELL

Moreover a ‘Double bottom retreat down’ chart pattern is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards

A descent down to the next support at 1.79154 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.79498 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.79122 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 1.79498 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

1.79498 – 1.79898 – 1.79913 – 1.79154 – 1.78331 – 1.78748 — 67.79059458244 – 57.63934287078 — 86.268023047446 – 66.509025361706 – 83.417478839488 – 75.967755556128

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