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EUR/AUD Big Head and Shoulders Pattern Could Tank the Pair Towards D L5 SupportHi traders,The EUR/AUD has formed a big leaned Head and Shoulders (Bearish SHS Type 2) pattern and we could see a drop towards daily support if AUD strength continues.The recent strength in AUD this week is due to it been oversold in recent months, along with strength in Commodities prices
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On the stostatic there is a EURAUD Chart there is a up channel so it is expected from the price to keep moving up When the price touchs the upper edge of donchain channel it is considered as a signal of going down By checking the awesome oscillator there is a green bar above the level of 0 which indicates a buy signal for the current time On the stostatic there is a bullish signal by having a buy cross and the lines approachs the 80 th level From prvious data bearish is most likely to happen then you can target low level of the donchain channel and if you wait to get a confirmation from the awesome oscillator that can raise the chance for good sell trades
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bullish trend seems to be taking place on the EURAUD pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bullish trend, now current price at 1.5984 and strong support at level 1.5962 in hourly time frame. there is possible chance price will move to up side. then next high price is 1.6035
resistent level 1 - 1.6114
resistent level 2 - 1.6077
resistent level 3 - 1.6043
pivot point - 1.6006
support level 1 - 1.5972
support level 2 - 1.5935
support level 3 - 1.5901
I suggest to entry BUY with stoploss at 1.5949 and take profit at 1.6035
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
I hope you can earn consistent profit from my signal, good luck and doing trade like a boss
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my dear sir today of my tachnical analysis is BEARISH trend seems to be taking place on the EUR AUD pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A SELL signaL is indicated from the Simple Moving Average indicator and that is by giving us SELL signal t his pair can continue BEARISG trend now current price at 1.59882 and strong support at level 1.58993 in hourly time frame there is possible chance price will move to up side then next high price is 1.60071
Resistent level 1 1.6114
Resistent level 2 1.6077
Resistent level 3 1.6043
Support level 1 1.5972
Support level 2 1.5935
Support level 3 1.5901
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this is my analysis for EURAUD
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 breakout of the resistance level at 1.6006 and the pair will continue to go up to the next resistance level at 1.6027
Resistent1 : 1.6003
Resistent2 : 1.6025
Resistent3 : 1.5998
Support 1 : 1.5958
Support 2 : 1.5939
Support 3 : 1.5996
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 1.6001 , stop loss at the level 1.5946 target take profit at the level 1.6026
if market movement as my scenario, you can earn good profit and avoid much loss in your trading keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.
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EUR/AUD market technical analysis
market trend is bearish
market price = 1.5975
Resistance levels
the market could break the first resistance at =1.5989
the market could break the second resistance level at =1.6001
the market could break the third resistance level at =1.6011
Support levels
the market could break the first support levels at =1.5962
the market could break the second support level at =1.5950
the market could break the third support level at =1.5969
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my analysis of Eur/Aud
Resistance and Supporting level today,s
Today Trend is:sell
Resistance level today,s is
First Resistance is:1.5983
Second Resistance is: 1.5995
Third Resistance is: 1.6012
Supporting levels today,s is
First Support is: 1.6954
Second Support is:1.6942
Third Support is:1.5931
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Eur/Aud is sell
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:1.5953
2> Resistance level is: 1.5963
3> Resistance level is: 1.5973
Supporting level is
1> Supporting level is: 1.5917
2> Supporting level is: 1.5907
3> Supporting level is: 1.5897