unique4x
Long

EURAUD is Priming for Another Run Higher

FX:EURAUD   Euro / Australian Dollar
EUR/AUD             tested a solid support level 1.37 in the second half of April, and since then the exchange rate has been in a strong upward trend. Right now the Euro             is undergoing a bearish correction, but the decline should come to an end around 1.4730 which is the 200 SMA on this 4H chart. The rising trend is very near this 200 SMA , hanging around 1.4680. From there EUR/AUD             is likely to launch another attack on the 2014 Dec high of 1.5330.

We would like to see confirmation by the MACD turning positive as the pair holds the trendline and/or the SMA before entering a position. This pair is one to watch over the coming days.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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