Well, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle. Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)
Euraud Formed on Weekly and daily chart Strong Bullish Candle . Advice to buy eurcad in range of 1.48 to 1.4720 with sl around 1.4650 TP1 1.4950 and TP2 1.51
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...
A bullish Bat is forming with entry point above previous structure, in a level with fib confluence
FX:EURAUD Safe Trades;
A good chance is ahead. EUR/UAD looks good to go higher in accordance with techs. So, today we start buying the 1st pack and then we'll see the possibility to buy more. For more ideas visit: mercuriusam.wordpress.com
FX:EURAUD Safe Trades; open.spotify.com
Dear Community, the EURAUD was and definitely stays on our watchlist - strictly speaking it also made it into our LIVE portfolio the other week but got stopped out due to our aggressive set up. Those of you who selected the conservative option are still in teh race and well clear of trouble at this stage. See the former trading idea here: The setup itself...
Pair finally broke the channel,but we have to confirm it fist.. So be patient and wait for confirmation to upside move.. Thank you for your attention..
FX:EURAUD Safe Trades;
EURAUD long term buy setup (target 1.60)
EURAUD might hit 1.44407 or a little lower if it doesn't break 1.46. For safety I would put a stop-loss @ your bought market price and go for 1.44407 or lower. Trade from 1.44 to 1.47+