OUR FAVOURITE PICK FOR NEXT WEEK IS EURAUD!
HAVING A LOOK AT THE OVERALL BULLISH STRUCTURE, EURAUD IS IN A BULLISH TREND.
NOTE, AN IMPULSIVE MOVE TO THE UPSIDE AROUND JANUARY 26TH (MOST LIKELY NEWS) HOWEVER, PRICE STARTED A CORRECTION MARCH 18TH TO RETEST PRIOR LOWS.
NOW AFTER SEEING SOME BULLISH PRICE MOVEMENT TOWARDS THE END OF MARCH, 1.8000 PRICE AREA WE CONSIDER THAT AS SUPPORT.
WITH NEWS ANTICIPATED TUES FOR AUD AND THURS FOR EUR. WE WILL BE LOOKING FOR AN OPPORTUNITY TO THE UPSIDE FROM HERE!
DON'T FORGET THE EMAS ;-)
HAPPY TRADING!
THE TRADING REGIME.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
NOTE, AN IMPULSIVE MOVE TO THE UPSIDE AROUND JANUARY 26TH (MOST LIKELY NEWS) HOWEVER, PRICE STARTED A CORRECTION MARCH 18TH TO RETEST PRIOR LOWS.
NOW AFTER SEEING SOME BULLISH PRICE MOVEMENT TOWARDS THE END OF MARCH, 1.8000 PRICE AREA WE CONSIDER THAT AS SUPPORT.
WITH NEWS ANTICIPATED TUES FOR AUD AND THURS FOR EUR. WE WILL BE LOOKING FOR AN OPPORTUNITY TO THE UPSIDE FROM HERE!
DON'T FORGET THE EMAS ;-)
HAPPY TRADING!
THE TRADING REGIME.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.