EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards
A bearish movement downwards to the next support level at 1.64343 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.65569 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.65569 |
| Current Price | 1.65043 |
| Next Low | 1.64343 |
| 2nd Low | 1.64317 |
| 3rd Low | 1.64314 |
1.65569 – 1.64898 – 1.64962 – 1.64343 – 1.64317 – 1.64448 —
1.65569 – 1.65125 —
70.520842760538 – 47.244878244352 —
1.65569 – 1782487800 —
– 1782487800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –