EUR/AUD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.62033 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.62423 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candlestick pattern is discovered. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.62423 – 1.626 – 1.63101 – 1.62033 – 1.62083 – 1.62493 —
1.62288 – 1.62281 —
48.541016508988 – 49.480078472785 —
– —
1.62423 – 1773813600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –