EUR/AUD 4H Chart: Remains near 1.6127 - Trade Pattern Ideas - Dukascopy Bank
Mon, 13 May 2019 05:01:27 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇗
⇒
During last week's trading sessions, the single European currency appreciated about 1.34% in value against the Australian Dollar. The 50-hour simple moving average guided the currency pair upward.
Currently, the exchange rate is trading near the upper boundary of an ascending channel pattern at 1.6103 and could be set for a breakout.
If this breakout occurs, a surge towards a swing high of 1.6372 could be expected within this week's trading session.
Although, a resistance cluster formed by the combination of the weekly and the monthly pivot points at 1.6149 could hinder such movement.
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