EURGBP trades at the bottom of the range and has found support. weekly trendline supports a reversal here. As election approaches, we are expecting a weak pound and in oversold conditions, this is a good opportunity to trade pound weakness.
The Yellow cross over the blue line indicates a Trade.
Buy order when the yellow line cross above the blue line.
Sell order when the Yellow line Cross below the blue line.
The Red Line is the Major Base Indicator for Trend Line.
EUR/AUD ( 4HOURLY )
SUMMARY:
The secondary trend of EUR/AUD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4926 and support at the level of...
RECOMMENDATION: SELL
SUMMARY:
The secondary trend of USD/CAD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4100 and support at the level of...
