EUR/AUD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.63459 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.64074 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Tweezers Top’ chart pattern is detected. The chart forms ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.64074 – 1.64101 – 1.63781 – 1.63459 – 1.63424 – 1.6382 —
1.64029 – 1.63969 —
53.97562656981 – 56.132590193796 —
– —
1.64074 – 1777010400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top – – – – – – – – –