EUR/AUD – 30M – SELLThere is also a ‘Double top chart pattern’ chart layout is existing. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at will continue.
Caution: A possible change in the direction of the resistance zone at 1.74441 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Last Engulfing Top’ candlestick chart pattern is found. The chart shows ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74741 |
| 2nd High | 1.74544 |
| Next High | 1.74441 |
| Current Price | 1.73871 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.74441 – 1.74544 – 1.73827 – 1.73878 – 1.73868 – 1.7359 —
1.74104 – 1.73928 —
42.476034967767 – 37.921331737999 —
– —
1.74441 – 1767978000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Last Engulfing Top – Double top chart pattern – – – – – – – –