EURAUD has been an interesting pair to watch over the past couple weeks. Price has declined breaking the weekly bullish TL, tested major support as well as bouncing off 200-day moving average on weekly time frame. Failing to close below these is good indication for a bull run.
Recently, we’ve seen the AUSSIE DOLLAR decline, as China’s manufacturing news has been...
EURAUD has been bullish for the past couple of days, and for the past 5 days (to be specific), the pair has managed to retrace 61.8% of its bullish move. Friday's candle has a long-ass lower wick which managed to reach the 61.8 Fibonacci retracement level which also confirms bullish momentum being dominant.
Looking at the bigger picture - there's a descending...
We broke a major trend line after testing a major support, then after hitting a minor resistance the pair decided to test the the support once again.
with that being done, am expecting it to go up from here once...
I gave a EURAUD buy signal here earlier which bagged us 210 pips. Since then the pair has pulled back down and consolidated but its slowly turning to a bullish trend in the daily time frame. We have also broke the daily trend line and did a successful pull-back to the line, am expecting upwards movement from here and on but lets see how it goes !
EURAUD broke the trend line, consolidated a bit, a small pull down, and now its trapped in a channel.
am expecting the channel to break and head down to our TP.
this is a risky trade, am opening a small position and so should you.
- Great ratio
- Broken trendline
- MACD divergence
