Due to downfall in Australian Dollar , EURO is currently going bullish against AUD and is likely to keep up with the momentum till marked area above Resistance (R1) Point
Currently EURAUD trading at very strong support levels at daily chart, we can expect a bounce back in EURAUD.
Can enter at market with stop loss of below 1.6000 for target 1.6500
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6585). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Hello Guys
We can see that EURAUD has Formed A DESCENDING TRIANGLE PATTERN in D1 Chart, which has m can be taken trade on either side based on the breakout, we are predicting that it’s gonna Go Up for a Buy trade, but in the end everything is depending on the Breakout , u can pocket 500 pips easily on this trade, hope you guys liked my analysis
Than You
All The...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.664). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
EURAUD MONTHLY WAVE ANALYSIS, THE PAIR IS IN A VERY STRONG IMPULSE ON MONTHLY TIMEFRAME AS SHOWN AND THE THIRD WAVE IMPULSE IS UNFOLDING AS SHOWN IN THE CHART IN WHICH WAVE 3 WILL END AT 2.1745 AND WAVE 4 AT 1.8689.AFTER THAT WAVE 5 WILL BEGIN WHICH WILL END AROUND 2.3651.
