The currency pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 1.64317 is likely expected.
Caution: A possible change in the direction of resistance at 1.65125 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65677 |
| 2nd High | 1.65579 |
| Next High | 1.65125 |
| Current Price | 1.64545 |
| Next Low | 1.64317 |
| 2nd Low | 1.64314 |
| 3rd Low | 1.63027 |
1.65125 – 1.65579 – 1.65677 – 1.64567 – 1.64864 – 1.64917 —
1.64903 – 1.64822 —
45.46781285826 – 39.515225154643 —
– —
1.65125 – 1783317600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows – – – – – – – – –