Looking at EU in more detail: Weekly: a downtrend is still evident, as the weekly descending trendline (pink) has not been broken by this pair. Additionally, a bigger descending trend indicated by the monthly trendline (black) still stands. Thus, it is safer to look for possible short entries on this pair. Dropping down to the daily time frame , the, the...
I use multi-frame technical analysis to support my set-ups as higher time-frames are always more reliable. Therefore, lets look at UC by starting on the monthly time frame. Monthly time-frame: The ascending trendline, indicates that the current trend is bullish, thus looking for longs will be better than shorts Weekly time-frame: When dropping down to...
My analysis on: EURAUD feel free to comment with advice/ feedback regarding my analysis
My analysis on FX:EURAUD feel free to comment with advice/feedback regarding analysis :)