EUR/AUD – 30M – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support at 1.64864 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.65027 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘MACD Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘MACD Hidden Bearish Divergence’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.65027 – 1.65297 – 1.65579 – 1.64864 – 1.64917 – 1.64866 —
1.65027 – 1.64993 —
51.749606654776 – 48.326773182369 —
1.65027 – 1783087200 —
– 1783087200

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –