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The EUR/AUD pair dropped to the week’s low near 1.5850 heading towards European session on Thursday. The prices slipped after China released better than expected January month figures of trade balance. The pair declined after China released upbeat trade balance data. Presently, 1.5780 seem immediate support while 1.6000 can act as adjacent resistance.
Today analysis for the pair of :Eur/Aud
--- Trading opinion for the best profitable trade: Open sell ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level of this pair is:
1# Resistance is: 1.5939
2# Resistance is: 1.5968
3# Resistance is: 1.6015
Supporting level of this pair is :
1# Supporting is: 1.5845
2# Supporting is: 1.5816
3# Supporting is: 1.5769
Moody�s downgraded Portuguese debt by 4 marks moving it from a Baa1 rating to Ba2 which is considered junk status. As the fundamental picture still looks dim we can look for our trend to continue.
the most likely scenario
the pair can move up to test the 1st resistance on 1.1800
alternative scenario
the pair can move down to test the 1st support on 1.17.75
"Hello dear members of this great community, here are my analysis of EUR/AUD for today.
EUR/AUD is Strong Sell according to four-hour chart. RSI(14)'s value is (38.894), STOCH(9,6)'s value is (50.684) and STOCHRSI(14)'s value is (54.956).
Let's have a look at today's Support and Resistance levels:
Pivot Point: 1.5809
Support 1: 1.58
Support 2: 1.5792
Support 3: 1.5783
Resistance 1: 1.5818
Resistance 2: 1.5826
Resistance 3: 1.5835
According to the current scenario I would like to recommend you to take trade according to the support and resistance levels of the market."""
once in the prediction of several indicators for the technical analysis of currency pairs EURAUD on the market today at 1.5858 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit at 1.5773 positions. You put a stop loss at 1.5857 positions
that's indicator Bollinger Bands is trend down and signal Parabollic SAR is trend down then Support and resistance at
Resistent1 = 1.5858
Resistent2 = 1.5870
Resistent3 = 1.5883
Support 1 = 1.5788
Support 2 = 1.5775
Support 3 = 1.5763
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk.
this is my analysis for EURAUD pair , hopefully it will be good & understandable and help you to earn good profit in trading
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakdown of the resistance level at 1.5800 and the pair will continue to go down to the next level level at 1.5775
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest SELL at the level 1.5805 stop loss at the level 1.5840 target take profit at the level 1.5760
if market movement as my scenario, you can earn good profit and avoid much loss in your trade
Eur/Aud
Trend is : sell
Resistance and supporting level of this pair is :
Resistance level of this pair is:
1# Resistance is: 1.5830
2# Resistance is: 1.5842
3# Resistance is: 1.5857
Supporting level of this pair is :
1# Supporting is: 1.5807
2# Supporting is: 1.5792
3# Supporting is: 1.5781
EUR/AUD market technical analysis
market trend is going bearish
market price = 1.5820
Resistance levels
the market could break the first resistance at =1.5834
the market could break the second resistance level at =1.5846
the market could break the third resistance level at =1.5856
Support levels
the market could break the first support levels at =1.5807
the market could break the second support level at =1.5795
the market could break the third support level at =1.5784
Technical analysis of Eur/Aud is sell
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:1.5849
2> Resistance level is: 1.5872
3> Resistance level is: 1.5891
Supporting level is
1> Supporting level is: 1.5790
2> Supporting level is: 1.5771
3> Supporting level is: 1.5752