Hi all,
Potential trade setting up on EUR/AUD this coming week.
Additional information:
USD is weakening in strength (AUD and XAU is in anti-correlation with USD) and the USD INDEX is hitting major resistance which translates into great indications for a stronger AUD and a weaker USD, especially against a weak EUR.
We can also see that the order flow is going towards AUD.
- However EUR is expected to gain in strength but AUD will still be stronger so this trade is looking good.
- Pullback is for selling.
Correlating pairs: AUD/CHF (GBP/AUD).
See chart for more details.
tradingwhales.com
Potential trade setting up on EUR/AUD this coming week.
Additional information:
USD is weakening in strength (AUD and XAU is in anti-correlation with USD) and the USD INDEX is hitting major resistance which translates into great indications for a stronger AUD and a weaker USD, especially against a weak EUR.
We can also see that the order flow is going towards AUD.
- However EUR is expected to gain in strength but AUD will still be stronger so this trade is looking good.
- Pullback is for selling.
Correlating pairs: AUD/CHF (GBP/AUD).
See chart for more details.
tradingwhales.com
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Related publications
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.