EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the bearish trend down to the next support at 1.77991 is expected.

Caution: A possible counter-trend in the direction of resistance at 1.78759 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which 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 chance of ‘Three Black Crows’ heading down is 82%.

1.78759 – 1.78991 – 1.79759 – 1.77991 – 1.78522 – 1.78644 — 48.17686788474 – 38.938230862541 — 10.710206745449 – 0 – 18.19919352959 – 9.5991733289824

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Rising Wedge Chart Pattern – –