EUR/AUD 4H Chart: SMAs dominate

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

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

It was recently discovered that the assumed to be dominating ascending channel pattern is actually a slightly tilted broadening wedge. However, both the support and resistance lines have been confirmed three times. 

Meanwhile, in regards to the short term, it has been noticed that the currency exchange rate has been highly influenced and in the most recent days even dominated by the influence of the four hour simple moving averages. 

The 55 is providing resistance with the weekly and monthly PPs near 1.1560. In the meantime the 200-period SMA is providing support with the weekly S1 below the 1.51 mark. In addition, the 100-period SMA is in the middle of it all near 1.5130,

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