Short term trend: Bearish
Ichimoku analysis (Daily chart):
Tenkan-Sen level: 1.4408
Kijun-Sen level: 1.4463
Ichimoku cloud top: 1.4322
Ichimoku cloud bottom: 1.4193
EUR/AUD made a temporary top around 1.5917 and is declining from that level. The pair is facing major support around 1.4190 (Cloud bottom) and any break below will target 1.4039/1.3800 (Sep 5th low).
The minor resistance is at 1.4338. Any indicative break above would extend gain to 1.444/1.449.
Recommendation: Sell EUR/AUD around 1.4260, SL 1.449, Target 1.3805
Ichimoku analysis (Daily chart):
Tenkan-Sen level: 1.4408
Kijun-Sen level: 1.4463
Ichimoku cloud top: 1.4322
Ichimoku cloud bottom: 1.4193
EUR/AUD made a temporary top around 1.5917 and is declining from that level. The pair is facing major support around 1.4190 (Cloud bottom) and any break below will target 1.4039/1.3800 (Sep 5th low).
The minor resistance is at 1.4338. Any indicative break above would extend gain to 1.444/1.449.
Recommendation: Sell EUR/AUD around 1.4260, SL 1.449, Target 1.3805
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.