EURAUD Aussie Strong Performance is a Decisive Factor
Hi, best regards.
This is a similar analysis to the recently released AUDCAD pair.
It's just that the principle used this time is the principle of correlation between pairs which emphasizes the strengthening of the AUD currency.
Based on the analysis the pair has done will at least touch at least the 1.618 Fibonacci level.
If the trend is still strong and there is still a bearish pattern, then this trend will continue and go to the Fibonacci level further 2.618.
The best way to trade is to follow the direction of the current trend which is bearish or wait for a deeper correction and then enter the trend.
Notes:
1. This is not a suggestion to take financial action
2. VolumeWaveFx is not an officially licensed economist.
This is a similar analysis to the recently released AUDCAD pair.
It's just that the principle used this time is the principle of correlation between pairs which emphasizes the strengthening of the AUD currency.
Based on the analysis the pair has done will at least touch at least the 1.618 Fibonacci level.
If the trend is still strong and there is still a bearish pattern, then this trend will continue and go to the Fibonacci level further 2.618.
The best way to trade is to follow the direction of the current trend which is bearish or wait for a deeper correction and then enter the trend.
Notes:
1. This is not a suggestion to take financial action
2. VolumeWaveFx is not an officially licensed economist.
Trade closed: target reached:
This pair has reached the first target and touched the level of 1.618 Fibonacci.
Comment:
The hope is for the pair to correct and return to the highest level of 0.236 and continue the bearish trend to the level of 2.618 Fibonacci
