EUR/AUD analysis

The primary trend of EURAUD is bullish on charts. In its 4 hourly chart, the pair is consolidating with strong positive bias and is likely to continue its up rally. Its 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 1.6022. If it breaks its resistance level of 1.6022 at upside then we can expect it to show further upside movement.


INDICATORS:-
RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.
MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.

STRATEGY:
EURAUD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

EURAUD breaks you your level of 1.6022 and went to 1.6200 which was good earn of 180 pips.
Good job.

Today’s trend

The secondary trend of EUR/AUD is bullish on charts. In its hourly chart, the pair is not sustaining above the trend line and consolidating with strong positive bias to show upside movement in the market. Its 50 and 200 DMA are also supporting the upcoming bullish trend in the pair.

Resistance level of 1.5530 and Support level of 1.5335.

If it breaks its resistance level and sustains above it then we can expect it to show further bullish movement in the pair.


STRATEGY: EUR/AUD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.

Hourly trade

The primary trend of EUR/AUD is bearish on charts and price is sustaining below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4955 and support at the level of 1.4805. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.


STRATEGY: EUR/AUD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

TODAY’S TREND

The primary trend of EUR/AUD is bearish on charts and price is sustaining below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
Resistance level of 1.4830 and Support level of 1.4570
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.



INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.