FX:EURAUD   Euro / Australian Dollar
19 0
This week has seen this pair break the weekly resistance of 1.48400, followed by the 20 EMA crossing over the 50 EMA which serves as a confluence that EURAUD is bullish at this moment of time. Price has also failed to break the weekly support on a numerous of occasions (1.4500), followed by a new higher low which may infer that this downtrend is running out of steam. As the market has accelerated I will be waiting for the market to decelerate by waiting for price to pullback before getting in this trade. 1.5200 is the next key level.

On the other hand, as price is at the 50% FIB retracement level from the last swing high, it will not be unexpected if price is bearish next week which may lead to a new higher low at 1.4800
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out