EUR/AUD 4H Chart: Full review

Source: Dukascopy Bank SA

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.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.