EUR/AUD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.73705 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.73945 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.73945 – 1.74378 – 1.74441 – 1.73705 – 1.73814 – 1.73878 —
1.73778 – 1.73901 —
35.074150015326 – 50.661705652592 —
– —
1.73945 – 1768267800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double top chart pattern – – – – – – – –