EUR/AUD – 4H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The combination Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.

A descent down to the next support line at 1.76895 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.79771 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.79771 – 1.79358 – 1.78984 – 1.76895 – 1.77411 – 1.76297 —
1.77418 – 1.77330 —
41.172756965997 – 43.676224758188 —
– —
1.79771 – 1764086400

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