EUR/AUD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 1.66556 is certain.

Caution: A possible change in the direction of the resistance zone at 1.67258 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.67258 – 1.67098 – 1.67541 – 1.66556 – 1.6626 – 1.66515 —
1.66890 – 1.67179 —
52.47088101176 – 63.639517077441 —
– —
1.67258 – 1771821000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – Double top retreat up – – – – – – – –