Kumowizard

EURAUD - Correction to 1,4200+ is possible

FX:EURAUD   Euro Fx/Australian Dollar
94 3 6
Daily:
- Ichimoku setup is bearish , but Price started to tock higher after hit the low ard 1,3800.
- Heikin Ashi candle signals only undecision, but looking at haDelta/SMA3 ( bullish cross is likely above zero line) it may extend into a larger correction towards equilibrium level ard 1,4200 - 1,4300 range. HACO has been positive for a few days.
- MACD crossed back above signal line

4H:
- Ichimoku has a neutral picture: Price, Tenkan and Kijun are all in the Kumo, Chikou Span hit candles
- DMI/ADX is neutral too (bit of bullish bias, but ADX is too low)
- Heikin Ashi setup is rather bullish short term

The correction towards 1,4200+ levels can accelerate if Price breaks above 1,3960 key level

Reduce short exposure now, try to resell at daily bearish support later.
Agree:
EURAUD: Go long during wave C
Reply
Kumowizard PRO IvanLabrie
2 years ago
Well, with ECB QE it is hard to immagine 1,70 any time soon, so I'd not target that at mom. The trends are EUR bearish.
Reply
IvanLabrie PRO Kumowizard
2 years ago
I trust my analysis, but I also know when setups get invalidated.
Right now, I'm waiting for that falling wedge to complete to go with a bigger position.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out