EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline down.
A bearish descent downwards to the next support at 1.71419 is certain.
Caution: A possible change in the direction of the resistance zone at 1.71811 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘ ‘ indicator layout is existing. The indicator is ‘ ‘. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Furthermore a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.72119 |
| 2nd High | 1.7194 |
| Next High | 1.71811 |
| Current Price | 1.71659 |
| Next Low | 1.71419 |
| 2nd Low | 1.711 |
| 3rd Low | 1.70989 |
1.71811 – 1.7194 – 1.71927 – 1.71419 – 1.71602 – 1.711 —
1.71657 – 1.71856 —
50.056127141879 – 57.483205467331 —
– —
1.71811 – 1769526000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – – – – – – – – –