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Author Topic: EURAUD  (Read 1045 times)

Offline SpinnakerFx

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  • Nothing is permanent except change
    • SpinnakerFx
EURAUD
« 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.

Offline 2cuteEssence

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  • Posts: 40
Re: EURAUD
« Reply #1 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...

Offline drunkfx

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  • Posts: 909
Re: EURAUD
« Reply #2 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.

 

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