EUR/AUD – 30M – SELLThere is also a ‘Double top chart pattern’ chart formation is detected. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline downwards
A bearish trend downwards to the next support level at 1.79083 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.79759 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.80706 |
| 2nd High | 1.79815 |
| Next High | 1.79759 |
| Current Price | 1.79202 |
| Next Low | 1.79083 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.79759 – 1.79815 – 1.80706 – 1.79253 – 1.79083 – 1.80388 — 43.998718894102 – 40.23221471034 — 84.826059296909 – 71.868943239502 – 65.606233069457 – 75.729000829824
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double top chart pattern – –