EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.67172 is certain.
Caution: A possible change in the direction of resistance at 1.70339 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. 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 chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72337 |
| Next High | 1.70339 |
| Current Price | 1.69373 |
| Next Low | 1.67172 |
| 2nd Low | 1.67079 |
| 3rd Low | 1.66265 |
1.70339 – 1.72337 – 1.71811 – 1.6968 – 1.71116 – 1.71419 —
1.69596 – 1.69451 —
24.425677859611 – 38.753765397582 —
– —
1.70339 – 1769657400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Double bottom retreat down – – – – – – – –