EUR/AUD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 1.62083 is expected.

Caution: A possible change in the direction of the resistance zone at 1.63101 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The 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%.

1.63101 – 1.63499 – 1.65542 – 1.62083 – 1.62493 – 1.62492 —
1.62432 – 1.62423 —
47.588662166914 – 42.921014813269 —
– —
1.63101 – 1773727200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – – – – – – – – –