EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 1.77703 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.7884 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

There is also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.7884 – 1.79358 – 1.78691 – 1.77703 – 1.77628 – 1.77303 —
1.78754 – 1.78560 —
58.428544752768 – 51.562755755019 —
– —
1.78840 – 1763532000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double bottom chart pattern – – – –