EUR/AUD - buy on 1H - risk/reward ratio 5
Dear traders, the market price lost over night a lot of value and reached strong support area. Tomorrow the key interest rate will be decided and most analysts believe that the ECB will not change the interest rate, as the economy has going up in the European union in recent months. Should the ECB actually not change the key rate I expect a short-term but strong upward push on almost all pairs traded against the euro (GBP not as there will also be elections tomorrow and I therefore do not put any trades there).
Indicator analysis
-RSI baselines reached the heavy over selled area which is indicator to enter the market for buyers
-MACD sell volume reached the top and start to slowing down - baselines looking like start of up movement and bullish crossing
-50 & 100 day moving average crossed the 200 day moving average which is short term bullish indicator
When to enter the market exactly is only for VIP group members - contact us for further information
Indicator analysis
-RSI baselines reached the heavy over selled area which is indicator to enter the market for buyers
-MACD sell volume reached the top and start to slowing down - baselines looking like start of up movement and bullish crossing
-50 & 100 day moving average crossed the 200 day moving average which is short term bullish indicator
When to enter the market exactly is only for VIP group members - contact us for further information
Order cancelled:
market broke the buy area without consolidation
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
