EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards

A bearish trend down to the next support at 1.64343 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.65569 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.65569 – 1.64898 – 1.64962 – 1.64343 – 1.64317 – 1.64448 —
1.65242 – 1.65114 —
50.118778865173 – 49.936270561928 —
– —
1.65569 – 1782487800

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