EUR/AUD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 1.63942 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.64549 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Southern Doji’ candlestick pattern is detected. The candles form ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.64549 – 1.64612 – 1.64599 – 1.63942 – 1.64063 – 1.64094 —
1.64155 – 1.64175 —
38.066456171577 – 42.286820690275 —
– —
1.64549 – 1776434400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –