EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.71602 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.7194 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
Furthermore a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Furthermore a ‘Southern Doji’ candle chart pattern is detected. The candles form ‘Southern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72119 |
| Next High | 1.7194 |
| Current Price | 1.71606 |
| Next Low | 1.71602 |
| 2nd Low | 1.711 |
| 3rd Low | 1.70989 |
1.7194 – 1.71927 – 1.71678 – 1.71602 – 1.711 – 1.71109 —
1.71620 – 1.71787 —
42.010602489562 – 51.651538613701 —
– —
1.71940 – 1769481000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – Double bottom retreat down – – – – – – – –