EUR/AUD – 1H – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

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

A bearish trend downwards to the next support line at 1.64864 is certain.

Caution: A possible change in the direction of resistance at 1.65579 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.65579 – 1.65677 – 1.66183 – 1.64864 – 1.64917 – 1.64866 —
1.64981 – 1.65004 —
41.372619415923 – 42.448074801275 —
– —
1.65579 – 1783004400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –