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Eur-aud

EUR/AUD – Bears are pushing the price lower The EUR/AUD on the 4-hour time frame has been following a downtrend recently. The price dipped below the key level of 1.62000 on 05 November to reach the lowest level of period under study at 1.61010. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the currency pair is mainly driven by the recent strength in the Aussie Dollar. As of writing, the price is hovering around 1.61070 with negative MACD and price below 200 period simple moving average. The 4-hour chart of the EUR/AUD confirms the negative sentiment in the price movement as the currency pair is making successively lower tops and lower bottoms. By applying Oscillators Analysis, all three indicators confirm the negative bias in the market. As the chart shows, price is below the 200-period Simple Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values below the zero-line which shows negative sentiment in the currency pair. RSI (Relative Strength Index) showing values below 50 which supports the bearish sentiment. In alternative scenario, key resistance level lies at 1.64435. Bulls must break this level in order to regain bullish sentiment in the market.
Short
by FXTM
Will This Go In Favor of The AUD?Currently in consolidation after breaking out of the bullish channel. Waiting to see if RBA Gov Lowe will make the market go in favor of the Aussie later today. And then we'll see if the CPI and Trimmed Mean CPI will keep the momentum going. So prepare for some a deadly spike tonight in the US and some more spikes the later that day. I would like to say everything will be 3 for 3 with the Aussie, but we'll see. BEAR TPs: • 1.61689 • 1.61427 • 1.61175 • 1.60973 BULL TPS: • 1.62751 • 1.63330 • 1.63484 • 1.63679
by NikaJourney
Can BULLS push EA up to 1.6305 (BUY): Weekly, Daily, 1hr EA Thesis - Weekly: Last week candle closed with a long wick after rejection off major level 1.6225 signalling bullish momentum could still push EA to the upside. - Daily: Friday candle also closed with a long wick to the upside after rejection off major level 1.6225 signalling bulls could push market higher to next possible target 1.6305. Double bottom formed at major level signalling bulls could really be in control. - 1hr: Now waiting for a possible pullback into 1hr launch pad/ previous daily lows, If level holds we could see a strong bullish rally towards 1.6305.
Long
by MountOlympusFx