Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Buy | Buy |
RSI (14) | Neutral | Sell | Neutral |
Stochastic (5; 3) | Neutral | Sell | Sell |
Alligator (13; 8; 5) | Buy | Buy | Buy |
SAR (0.02; 0.2) | Sell | Buy | Buy |
Aggregate | ⇗ | ⇘ | ⇒ |
The recent fundamental jump of the European common currency against the rest of the foreign exchange market can be also visible on the EUR/ADU currency pair. Due to that reason a full review of this highly demanded pair has been done.
The pair is trading in a massive scale ascending channel pattern, which has guided the currency pair since it reached a low level in February. Meanwhile, the recent rebound has presented an opportunity to draw a speculative junior pattern.
It is done, by using the low levels of the recent surge in the period from November 7 to November 15 and setting a parallel line at the October high level.