EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support at 1.6588 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.6671 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.6671 – 1.66013 – 1.66064 – 1.6588 – 1.65648 – 1.65684 —
1.66181 – 1.65863 —
52.207390305582 – 40.568664612558 —
– —
1.6671 – 1772125200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – Double top chart pattern – – – – – – – –