EUR/AUD – 1H – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.
A bearish trend down to the next support line at 1.78136 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.78759 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79759 |
| 2nd High | 1.78991 |
| Next High | 1.78759 |
| Current Price | 1.78158 |
| Next Low | 1.78136 |
| 2nd Low | 1.77991 |
| 3rd Low | 1.77282 |
1.78759 – 1.78991 – 1.79759 – 1.78136 – 1.77991 – 1.78522 — 36.980417645917 – 32.470771807439 — 15.228224621182 – 8.5081829626521 – 20.307692785764 – 15.705128003768
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Double top chart pattern – –