EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 1.74958 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.76307 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.75554 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.76307 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. 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).

1.76307 – 1.75549 – 1.75262 – 1.74958 – 1.74919 – 1.74904 —
1.76247 – 1.75982 —
69.333138394276 – 54.540834076192 —
– —
1.76307 – 1765432800

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