EURAUD down trend confirmed for the whole year ... almost ...
Looks like EURAUD is giving multiple signals to sell. RSI is now in the overbought zone. But which pattern to take? Bearish Gartley(Blue) Entry - 1.45153 Stop - 1.46240 Target 1 - 1.43379 Target 2 - 1.42283 Bearish Gartley(Purple) Entry - 1.43251 Stop - 1.43400 Target 1 - 1.41859 Target 2 - 1.40999 Bearish Cypher(Orange) Entry -...
I am short EUR/AUD (nice roll over interest too). I am by no means seeing a strong AUD however I am of the opinion that we will see a weaker EUR with further monetary easing coming from the ECB. I am happy to stay short, because of the roll over, for an extended period. A break of 1.42 would give me extra confidence in my trade. a break of 1.5340 will invalidate...
My analysis is based on elliott wave. EURAUD seems to be completed wave 4 with 38.2% retracement. I'm expecting the market to fall and begin wave 5. The bearish channel gives us extra confirmation. Our target is the lower boundary of the channel. Happy Trading!
The Situation shows a very good setting. But there is a potential for 1.419 again, before going up. So therefore wait for 1.419 or for the red trend line to break for a good entry.
I'm looking at two things here on the EURAUD. Bigger picture is a potential bearish trend continuation trade as price action looks to make a retracement into a previous shelf of structure. Around that same level lays a potential bearish butterfly pattern completing at 1.618 & 1.272 Fibonacci confluence. Adding to that we have more ratio confluence in the form of...
Friends, Last Wednesday, June 04th, i posted two bearish targets for this chart, nmaley: 1 - TG-1 = 1.43744 - 04 JUN 14 and 2 - TG-Lo = 1.40384 - 04 JUN 14. For a detailed technical commentary of the predictive analysis and forecasting, see the original chart/text here: . As of today, the outlook remains bearish and the lower target remains intact and in...