The pair is still trading within huge ranges, chopping sideways, with the 50-day and 200-day moving averages converging. The Australian dollar has been on weak footing albeit gaining against other currencies. Its reluctant gains have been due to the raging bushfires ravaging the country. Its domestic confidence has also been hit by forecasts of weaker currency....
Here is the key factor to keep in mind today for Euro trades: German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation Index for September is predicted at -15.0 and the German ZEW Survey Economic Expectations Index at -38.0. Forex traders can compare this to the German ZEW Survey Current Situation Index for August which was reported at...
EurAud Idea Short EurAud Idea Short EurAud Idea Short
Midterm forecast: While the price is below the resistance 1.6355, beginning of downtrend is expected. We make sure when the support at 1.6040 breaks. If the resistance at 1.6355 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of beginning of downtrend is...
Looking for a sell setup around the resistance, i would like to see if price can reach that zone all look for sells from there
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". So it's been a long time since I publish anything. But this is a new year and with that comes new goals and new purposes in life. One of my goals is to...
EURAUD is bullish on H1, H4, Daily, and Monthly charts. We have a bullish butterfly formation but remember to look into the fundamentals for better decision on your entry choice. Fundamentals to consider on EURO include; Services PMI and Composite PMI for Eurozone, Italy, France and Germany. Also Eurozone Retail Sales. Fundamentals to consider on AUD include:...
Euro dropped last week due to ECB extension of bond purchasing and Spain-Catalonia political uncertainties. Nevertheless, Aussie also dived significantly last week due to weak inflation data. Based on technical analysis, EURAUD is testing the impulse leg fibo R 61.8. Currently the market is in range and is waiting for more signal to dive lower or reverse. If on...
I haven’t commented on the EURAUD for quite some time. It isn’t a cross I usually trade, and toward the end of last year, the price action had become far too choppy for my liking. However, the past 48 hours of activity have caught my attention. On Friday, buyers managed to close the week above the 1.4090 handle. This level has been a key factor for the Euro cross...
A down Trend In the EUR/AUD , looking to Bearich Mouvement +500 point
Looking For A Bearish Mouvement , A nice opportunity To make +800 point .