EUR/AUD – 1H – SELL

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

A bearish movement down to the next support line at 1.72985 is certain.

Caution: A possible counter-trend in the direction of resistance at 1.74559 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Then a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. 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).

1.74559 – 1.74562 – 1.74449 – 1.72985 – 1.7379 – 1.73553 —
1.73786 – 1.73602 —
64.750310336335 – 53.484824258647 —
– —
1.74559 – 1768453200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top retreat up – – – – – – – –