Get started
EIP-EverythingIsPlanned

EURAUD Weekly Forex Forecast 23rd September To 29th September

Euro / Australian Dollar (OANDA:EURAUD)  
EIP-EverythingIsPlanned  
OANDA:EURAUD   Euro / Australian Dollar
Wave Analysis EURAUD euraudshort euraudlong euraudanalysis Forex forexsignals forextrading
0
0
waveanalysis euraud euraudshort euraudlong euraudanalysis forex forexsignals forextrading
Midterm forecast:

While the price is below the resistance 1.6355, beginning of downtrend is expected.
We make sure when the support at 1.6040 breaks.
If the resistance at 1.6355 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
algorithmic trader - I have quantified sentiment necessary for trading elliott waves
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.