EUR/AUD – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards

A descending movement down to the next support at 1.77962 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.7884 could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.7884 – 1.78811 – 1.79358 – 1.77962 – 1.77703 – 1.76297 —
1.78587 – 1.78234 —
51.237194764642 – 44.213330568797 —
– —
1.78840 – 1763532000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Rising Wedge Chart Pattern – – – –