EUR/AUD – 1H – SELL

Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.64145196 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 1.64581 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.64581 – 1.64562 – 1.64803 – 1.64083 – 1.63942 – 1.64063 —
1.64373 – 1.64225 —
44.744714510494 – 44.776637531111 —
– —
1.64581 – 1776769200

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