Donna Forex Forum

General => General Trading Discussion => Topic started by: SpinnakerFx on October 20, 2019, 11:05:20 AM

Post by: SpinnakerFx on October 20, 2019, 11:05:20 AM
On request I am doing the analysis of EURAUD Daily.
Right now the pair is in a support zone as you can see in the picture, so the Sell trade should be at 1.62400 and with tp at 1.61000 to make a stop again. Therefore it is necessary to wait until this resistance is exceeded.
Based on the other longer-term analysis, I suggest that 2 trades - 1 be posted for the target indicated here and one for the target indicated at 1.42180.
In short, launch SELL STOP order at the point after support, or do nothing. Knowing how to wait in trading is a virtue.
Title: Re: EURAUD
Post by: 2cuteEssence on July 21, 2020, 06:22:38 PM
This is a really serious currency pair and I pay attention to it too, and almost always include it in my action plan. Really strong levels are often encountered here...
Title: Re: EURAUD
Post by: drunkfx on September 16, 2020, 05:14:11 AM
AUD depends on China, Euro is cyclical currency, I think USD supply/demand strongly affects this currency. Also it should be sensitive to EU ECB and export data, RBA, and China economic figures.