EUR/AUD – 30M – SELLFurthermore a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart shows ‘Inverse Head and Shoulder chart pattern’. which is a positive pattern signal. The pair is likely to go up.
The currency pair Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 1.78522 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.78991 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.78522 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.78991 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79815 |
| 2nd High | 1.79759 |
| Next High | 1.78991 |
| Current Price | 1.78624 |
| Next Low | 1.78522 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.78991 – 1.78854 – 1.78937 – 1.78522 – 1.78644 – 1.78971 — 42.532754171656 – 36.925763363909 — 32.516421593145 – 9.5562001933913 – 41.919242439399 – 27.548264479344
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Inverse Head and Shoulder chart pattern – –