EUR/AUD – 30M – SELL

Additionally a ‘Double top chart pattern’ chart layout is detected. The formation shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.

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

A bearish descent down to the next support at 1.76003 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.76693 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick chart pattern is detected. 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.76693 – 1.774 – 1.77506 – 1.76221 – 1.7667 – 1.76817 —
1.76688 – 1.76508 —
57.334766260442 – 39.33821366163 —
– —
1.76693 – 1764853200

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