EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline down.

A continuation of the downward movement down to the next support line at 1.64241 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.65688 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Southern Doji’ candlestick pattern is discovered. The candles form ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.65688 – 1.6595 – 1.6593 – 1.64793 – 1.64241 – 1.6425 —
1.65296 – 1.65455 —
47.813504691793 – 48.702992232148 —
– —
1.65688 – 1772812800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – – – – – – – – –