EUR/AUD – 30M – SELLBesides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.64083 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 1.64496 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65168 |
| 2nd High | 1.64628 |
| Next High | 1.64496 |
| Current Price | 1.63994 |
| Next Low | 1.63371 |
| 2nd Low | 1.63038 |
| 3rd Low | 1.62892 |
1.64496 – 1.64628 – 1.65168 – 1.6414 – 1.64717 – 1.64435 —
1.64222 – 1.64075 —
43.466631582646 – 42.478215527218 —
– —
1.64496 – 1781281800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – – – – – – – – –