quantguy
Long

AUDEUR Rallying for Many Reasons

FX_IDC:AUDEUR   AUSTRALIAN DOLLAR / EURO
AUD has been rallying ever since the RBA rate decision, and strong PMI data. Meanwhile, the sentiment toward the Euro             is bearish on account of the recent Paris tragedy. These two facts form 'perfect storm' of potential for AUDEUR             , as we can clearly see. Now is not the time for optimal entry, as we've seen 5 years of consecutive rallying and are due for a pullback. The MACD/RSI combination indicates we are starting to enter "overbought" territory.

An optimal entry price for a long trade would be somewhere around 0.6597. The Fibonacci levels give optimal profit targets on the upside, as well as stop losses on the downside.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out