EUR/AUD 4H Chart: Could make brief upside retracement - Trade Pattern Ideas - Dukascopy Bank
Mon, 06 Jan 2020 05:23:41 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Sell
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Buy
Alligator(13;8;5)
Buy
Sell
Sell
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇒
⇒
⇘
The EUR/AUD exchange rate has continued to edged lower during the past few weeks. The currency pair has declined by 1.97% in value since the middle of December.
All things being equal, the single European currency will likely continue to decline against the Australian Dollar during this week's trading sessions. The potential target will be at the 1.5861 area.
However, the currency exchange rate might make a brief retracement towards the 200– hour simple moving average at 1.6170 in the shorter term.
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