Technicals Technicals Technicals no matter what fundamentals occur.
EURAUD is in an upward bullish channel and has held multiple times.
Signals:
1. Currently at bottom of weekly channel acting as support.
2. Stochastic RSI weekly and daily oversold and in the buy zone.
3. Upward Trend still dominant.
TP 1 at next Resistance
TP 2 at top of weekly channel
Good luck trading.
Charles V
CVFX Management
EURAUD is in an upward bullish channel and has held multiple times.
Signals:
1. Currently at bottom of weekly channel acting as support.
2. Stochastic RSI weekly and daily oversold and in the buy zone.
3. Upward Trend still dominant.
TP 1 at next Resistance
TP 2 at top of weekly channel
Good luck trading.
Charles V
CVFX Management
Comment:
Note that TP2 at red line is actually the SL Stop Loss, typo error on my part.
Comment:
Weekly Update: Last week closed with a strong daily bull candlestick. Trade looking very good to climb up, expecting new high this week.
