EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards
A bearish descent downwards to the next support level at 1.80232 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 1.81511 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Shooting Star’ candlestick pattern is detected. The candles form ‘Shooting Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.85570 |
| 2nd High | 1.84480 |
| Next High | 1.81511 |
| Current Price | 1.81036 |
| Next Low | 1.80232 |
| 2nd Low | 1.79451 |
| 3rd Low | 1.79409 |
1.81511 – 1.80604 – 1.80168 – 1.80232 – 1.79451 – 1.79409 — 47.75676615911 – 47.75676615911 — 19.703588143526 – 10.683827353094 – 26.85820766164 – 19.616918010054
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Shooting Star – – –