EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at 1.63792 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.64287 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.64287 – 1.64496 – 1.64628 – 1.63792 – 1.6367 – 1.6414 —
1.64089 – 1.64200 —
49.986360654094 – 57.491397489902 —
– —
1.64287 – 1781481600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –