EURUAD Potential Short Signal Update

FX:EURAUD   Euro Fx/Australian Dollar
10 months ago
Previous analysis:
EURAUD Potential Short Signal

Please see original analysis linked below for in-depth explanation of our long bias.

We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside with a chance prediction of 69%, but we will continue to monitor price action and the updates from our algorithm.

See the link below for an image of our algorithm's forecast for this pair.

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10 months ago
Comment: This signal is still pending execution and has just been updated @ 7:55 PM EST 4/06/16
10 months ago
EURAUD Potential Short Signal Update
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