EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline down.

A descending movement down to the next support line at 1.77628 will continue.

Caution: A possible change in the direction of the resistance zone at 1.79358 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.7804 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.79358 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.79358 – 1.78691 – 1.77406 – 1.77628 – 1.77303 – 1.76852 —
1.79120 – 1.78545 —
57.553337874862 – 53.048429867437 —
– —
1.79358 – 1763445600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Symmetrical Triangle Chart Pattern – – – –