FX:EURAUD   Euro / Australian Dollar
Hey guys. Forecast here is based on the past 5 year price action.

Downtrend started near 2009 end around 2.1 then bounced for a correction in middle of 2012 which I believe we are still in.
A bullish flag is forming over the past year and a half which is currently near its resistance trendline . A break in the near future could mean a continuation of the deeper correction to .618 or .768 levels (numbers aren't showing on the chart but translucent colors are).

If we don't see a break of this resistance trendline we could see one more drop to the lower support trend line before a bullish continuation.

Thanks for analyzing and feel free to comment and critique!
Well done. Any psychological patterns you could add to this count? Any stop loss levels?
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
AR العربية
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