EUR/AUD – 1H – SELL

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.64757376 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 1.65579 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bearish Belt Hold’. which is a negative chart scenario. 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 Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.65579 – 1.65677 – 1.66183 – 1.64917 – 1.64866 – 1.64962 —
1.65253 – 1.65192 —
49.540341831162 – 48.089442759211 —
– —
1.65579 – 1783004400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Belt Hold – – – – – – – – –