EUR/AUD – 4H – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 1.6357 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.67501 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Next a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Next a ‘On Neck’ candle chart pattern is discovered. The chart forms ‘On Neck’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

1.67501 – 1.68309 – 1.70628 – 1.6626 – 1.66229 – 1.67613 —
1.66710 – 1.66212 —
49.233468748095 – 45.584325587104 —
– —
1.67501 – 1771948800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – On Neck – – – – – – – – –