EURAUD trade ideas
EUR/AUD intraday buyOur pivot point stands at 1.6564.
Our preference:
the upside prevails as long as 1.6564 is support.
Alternative scenario:
the downside breakout of 1.6564 would call for 1.6515 and 1.6486.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.6582 and 1.6534).
EUR/AUD intraday BUYOur pivot point is at 1.6446.
Our preference:
the upside prevails as long as 1.6446 is support.
Alternative scenario:
the downside breakout of 1.6446 would call for 1.6398 and 1.6369.
Comment:
the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.6461 and 1.6436).
EUR/AUD intraday BUYOur pivot point is at 1.6386.
Our preference:
the upside prevails as long as 1.6386 supports.
Alternative scenario:
the downside breakout of 1.6386 would call for 1.6338 and 1.6310.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.6413 and 1.6401).
EUR/AUD intraday SELLOur pivot point stands at 1.6179.
Our preference:
the downside prevails as long as 1.6179 is resistance.
Alternative scenario:
above 1.6179, look for 1.6226 and 1.6254.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.6160 and 1.6173).
EURAUD Sell OpportunitySell at Market price NOW!
Move stop loss to break even once you are in 10-15 pips in profit
EURNZD Analysis by Trades Factory www.tradesfactory.comThis how the upcoming trend for EURNZD looks like.
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eur-aud long position getting ready to openbottom has arrived, after a small dip, it will continue to rise
