EUR/AUD 4H Chart: Speculative ascending patterns

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Buy Neutral Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

After holding out for a rather long period of time the previously drawn medium scale speculative ascending pattern on the EUR/AUD currency pair was broken. Due to that reason and the high demand for this exotic pair another review is being done. 

In general two speculative patterns were noticed. By speculative it is meant that the lower trend lines of the both ascending channel pattern are not confirmed by two rebounds, but rather set parallel to the confirmed upper trend lines by using as a reference point one reversal point. 

In regards to the short term the pair can be expected to form a short term descending pattern.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.