EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 1.7626 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.77897 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
Besides a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.78759 |
| 2nd High | 1.78581 |
| Next High | 1.77897 |
| Current Price | 1.76379 |
| Next Low | 1.7626 |
| 2nd Low | 1.75118 |
| 3rd Low | 1.74973 |
1.77897 – 1.78581 – 1.78759 – 1.76543 – 1.76691 – 1.77596 — 35.535329486901 – 32.818466925441 — 48.803545051699 – 15.470211718365 – 58.307400668309 – 43.930317070121
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Triple top chart pattern – –