the pair and as we can see from the chart is trading now above the level of 1.3700 , so when ever the pair success in breaking 1.3700 , that's mean the down trend will be assured and the pair might head to 1.3670 and then 1.3640
Printable View
the pair and as we can see from the chart is trading now above the level of 1.3700 , so when ever the pair success in breaking 1.3700 , that's mean the down trend will be assured and the pair might head to 1.3670 and then 1.3640
The EURAUD rally from 12926 is in 5 waves and appears to have culminated with Monday’s reversal. The goal over the next several days and weeks should be to identify a secondary low.
It is more likely to go down to around 1.3700 or lower, and after that, it might have potentially to go up to around 1.3850
If a M15 close above 1.3800 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3750 sell only and do not buy. If price closes back above it again do nothing
The range 1.3800 and 1.3750 is neutral area, any trade done in between is personal decision and not part of this analysis
For this cross, 1.3800 and 1.8700 are important levels to watch. The price seems to be vacillating between these levels. They seem to be acting like big supply and demand zone now
the pair has stated it's trading week above the level of 1.3650 and that's mean that the up trend is expected this week and the pair might head to 1.3700 and then 1.3740
the chart is showing that the pair has succeeded in closing it's daily candle above level 1.3600 , and that's mean the up trend is still standing and the pair might head to 1.3640 and then 1.3670
If a M15 close above 1.3800 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3750 sell only and do not buy. If price closes back above it again do nothing
The range 1.3800 and 1.3750 is neutral area, any trade done in between is personal decision and not part of this analysis
I’m small long of this pair but it looks like I may have to put up with a bit more downside before the rally can recommence.
Expect depreciation of the euro to 1.3450 support. MACD does not send a clear signal stochastics also not made clear signal MA20 and MA50 bearish cross-indicator signals a decline.