EUR/AUD – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.77594 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Two Crows’ candle pattern is found. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.77594 – 1.7757 – 1.77688 – 1.76928 – 1.76895 – 1.77104 —
1.77279 – 1.77274 —
48.294657830144 – 51.390850876838 —
– —
1.77594 – 1764318600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –