EUR/AUD – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 1.62007 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.62751 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘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 chance of ‘Bearish Engulfing’ going down is 79%.

1.62751 – 1.63262 – 1.63327 – 1.62007 – 1.62004 – 1.62709 —
1.62407 – 1.62761 —
52.597007239102 – 61.16474724051 —
– —
1.62751 – 1780048800

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