EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 1.79154 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.79576 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Tweezers Top’ candlestick pattern is found. The chart shows ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79913 |
| 2nd High | 1.79898 |
| Next High | 1.79576 |
| Current Price | 1.79354 |
| Next Low | 1.79154 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.79576 – 1.79498 – 1.79898 – 1.79154 – 1.78331 – 1.78748 — 60.367702198514 – 51.418599522705 — 47.154168992537 – 37.127085529988 – 38.088445078459 – 40.730633256838
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – – –