EUR/AUD made a rally from its lows and completed its five wave structure. It is due for a 3 wave correction and has completed first wave. We expect it to pullback and then fall to the support at 1.59439.
EUR/AUD has formed an inverted head and shoulder in the 30-min chart. It has broken the neckline too and is consolidating just above it. Hence we expect the pair to be bullish and move to the resistance at 1.59872.
Wait for the higher low to play out and the short the living hell out of it!
we can clearly see the trend is uptrend we also getting support. so going long is recomonded
EUR AUD is trading on his Daily resistance, on other side AUD is trading on weekly support we can see a short term Aud bounce from this point , technically EUR/AUD the 1 hour right side is down with a bearish sequence. Near-term while below the the 1/24/19 highs the pair can continue lower again to correct the cycle up from the 2/22/17 lows. Sell EUR...
EURAUD h4..... it has formed double bottom ... it’s good to take buy order after h4... candle closing above the neckline
EURAUD h4... THe pair has trickled down to a major key level of support 1.5800 after 2 weeks of seroius selling pressure I am looking into h4 timeframe .. if candle closing above 1.5900 I look for buy order.. wait for h4.. candle to close above 1.5900 TP:1.6000 SL:1.58520
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend. Technical analysis: A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic...
EURAUD has Formed strong bearish pin bar and taken resistance from trend line too. Entry can be taken after a small correction which price can take from 200 EMA.Overall Trend is down so more downside can be seen this week in this pair.
double top confirmed and my target is between 1 and 2 (green box)