EUR/AUD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 1.73553 will persist.

Caution: A possible change in the direction of resistance at 1.74378 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.74378 – 1.74441 – 1.74544 – 1.73553 – 1.73597 – 1.73814 —
1.73993 – 1.74370 —
48.248903197265 – 59.651202311397 —
1.73553 – 1768316400 —
1.74378 – 1768215600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –