EUR/AUD – 4H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards

A bearish movement down to the next support level at 1.76297 is likely expected.

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

There is also a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.78561278 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.79358 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Tweezers Top’ chart pattern is found. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.79358 – 1.78984 – 1.77857 – 1.76297 – 1.76722 – 1.75635 —
1.78126 – 1.79143 —
46.158620575396 – 59.660212573033 —
– —
1.79358 – 1763438400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – Rising Wedge Chart Pattern – – – –