The combination Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline downwards
A descent downwards to the next support line at will persist.
Caution: A possible change in the direction of the resistance zone at 1.62872 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
And also a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64015 |
| 2nd High | 1.63721 |
| Next High | 1.62872 |
| Current Price | 1.62540 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62872 – 1.62421 – 1.62548 – 1.62428 – 1.61974 – 1.6218 —
1.62696 – 1.62659 —
52.168381159666 – 52.470695972422 —
– —
1.62872 – 1778209200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –