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Audbuy

AUD/NZD BUYFundamentally these currencies are both weak and trading weak against weak currencies is not something that I normally recommend. However the technical's do look tempting with the rising trend line and the pin bar rejection of the rising trend line. Also we have had quite some downside in the price lately and a profit taking technical pull back could be on the cards. A 50% fib pull back of the recent down trend gives a massive 7:1 risk reward ratio which is to big to ignore. The question you have to ask is how much will it cost to find out if you (me) is right or wrong..Good Luck. want to lear to trade for FREE and get access to Free live webinars bankonadam.com
Long
by FreeForexSignals4u
EUR/AUDFundamentals:- The Euro is still one of the weakest currencies out there at the moment and with further stimulus likely in March from the ECB we should see further downside. The AUD has been showing some strength in the economy but still has some mixed data. It is the technical picture that makes this trade more attractive at the moment. Technicals:- As you can see on the charts I have highlighted a very clear double top pattern and the price is currently sat on the breakout point after rejecting the recent attempt to move higher. I am looking for a new low on this daily candle to enter with a stop loss above the recent rejection.
Short
by FreeForexSignals4u
EURAUDWe still have a weak Euro despite the recent rally. With the better than expected employment figures coming from Australia we now have a technical signal developing on the chart. The Daily engulfing candle and now what looks to be a pull back on that candle should find previous support as resistance and continue to the downside. I would like to see rejection and selling coming into the market from this point before taking the sell. Learn to trade for free boafx.com
Short
by FreeForexSignals4u