Tag Archives: EUR/AUD

Eyeing EUR/AUD To Form A Top For A Sell Opportunity

Today we have an interesting opportunity for EUR/AUD as I think the pair is still trading inside a range and currently approaching a critical resistance on the daily chart as shown below. So, I think we should look forward to … Continue reading

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GBP/AUD In A Wedge

EUR/AUD Currently we are at 0.8028 in a wedge. We are looking for a continuation to the Day chart trend area at 1.7990 with a possible break of the wedge down to 1.7933. The average daily true range (ATR) for … Continue reading

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EUR/AUD: Wedge Break?

EUR/AUDCurrently we are at 1.4076 after a break of the wedge. We are looking for a continuation to the Support area @ 1.3940 with an overall target @ 1.3850. The average daily true range (ATR) for the pair currently is … Continue reading

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Trend Line Analysis: July 21st, 2015

Before we carry forward, I like to mention there is always a risk going on multi pairs of the same cross. Hence, it is advisable to choose one cross on the same pair, for chances of one going wrong would … Continue reading

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EUR/AUD Trades Higher, Eyes At 1.5400 – 1.5450

EUR/AUD turned down from 1.5270 area and completed the corrective move with 3 waves around 1.47279. Then EUR/AUD turned up, in impulsive fashion which means that larger uptrend is back in progress. Impulses are five wave patterns, so gains are … Continue reading

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EUR/AUD – Movement In Direction Of 1.5000

EUR/AUD – movement in direction of 1.5000 In analysis of October 27, I pointed impending correction and further return to decline. I wrote: “At the moment, rebound may appear near 1.5420. After that there should be a continuation of falls”. … Continue reading

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EUR/AUD – Lowest Level In Two Months

EUR/AUD – lowest level in two months Declines accelerated after EUR/AUD broke below support at 1.5270. Today price tested next support at 1.5000, but currently there are no signs that declines may end. Next weak supports are located at: 1.4890, … Continue reading

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EUR/AUD – Next Target?

EUR/AUD Currently we are 1.4796 at a strong support. If support is broken we are looking to continue to the double bottom at 1.4601 and maybe to the 1.4500. The average daily true range (ATR) for the pair currently is … Continue reading

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Strong AUD Steamrolls The EUR

The AUD has been relentlessly gathering momentum over the past few weeks and it doesn’t appear to be slowing. Whilst the EUR/AUD is currently battling with a particularly robust long-term support, breaking out here could send the pair even lower. … Continue reading

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EUR/AUD Could Be Moving 1000 Pips

This month’s ProAct Traders “Pay Your Mortgage Trade” is found in the EUR/AUD pair. Both Elkana and I have the same currency pair but with a slightly differing view, so we will see which one plays out. Scott The nice … Continue reading

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