EUR/AUD – 4H – SELL

Moreover a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support at 1.76895 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.77632 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.76297 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 1.77632 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

1.77632 – 1.79771 – 1.79358 – 1.76895 – 1.77411 – 1.76297 —
1.77587 – 1.77109 —
43.13560622079 – 39.062737819775 —
– —
1.77632 – 1764590400

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