EUR/AUD – 1H – SELL

The combination Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 1.62897 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.64182 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.64182 – 1.64101 – 1.63868 – 1.63459 – 1.63424 – 1.63851 —
1.63900 – 1.63705 —
38.308492752993 – 42.500763634397 —
– —
1.64182 – 1777046400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –