EUR/AUD – 1H – SELL

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.64757376 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.65579 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

1.65579 – 1.65677 – 1.66183 – 1.64917 – 1.64866 – 1.64962 —
1.65168 – 1.65257 —
42.780540783986 – 48.820249850605 —
– —
1.65579 – 1783004400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –