• ECB Easing to Weigh on EURAUD

    AUD price action has been highly subdued over recent months given the deterioration in trade relations between the US and China. Following the announcement from Trump that he would be placing a fresh 10% tariff on a further $300 billion of Chinese goods as of September 1st, China responded by devaluing the Yuan, which sent […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6077 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.5951 (horizontal swing low support, 100% fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • EURAUD approaching support, potential bounce!

    EURAUD is approaching our first support at 1.5906 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.5997 (61.8% Fibonacci retracement). Stochastic (89,5,3) is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5916 (50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.5863 (50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • EURAUD approaching support, potential bounce!

    EURAUD is approaching our first support level at 1.5914 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5967 (50% Fibonacci retracement). Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price. Trading […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6158 (Horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.5813 (Horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • EURAUD approaching support, potential bounce!

    EURAUD is approaching our first support at 1.5807 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.6149 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6358 (horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.5960 (50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin […]

  • EURAUD approaching support, potential bounce!

    EURAUD is approaching our first support at 1.5740 (horizontal overlap support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.6048 (horizontal pullback resistance, 50% Fibonacci extension). Stochastic (89,5,3) is also approaching support we might see a corresponding rise in price […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6148 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.6074 (horizontal pullback support, 76.4% Fibonacci retracement, 100% Fibonacci extension). Stochastic (21) is also facing bearish pressure and we might see a corresponding drop in price. Trading […]

  • EURAUD is approaching support, potential bounce!

    EURAUD is approaching our first support at 1.6167 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.6260 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6265 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5715 (horizontal overlap support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). Stochastic (55,5,3) is also […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6194 (horizontal swing high resistance, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.2892 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance where a reaction below this level might […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5968 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5840 (horizontal swing low support, 23.6%, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and seeing a bearish divergence […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5727 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5540 (horizontal overlap support, 61.8% Fibonacci extension, 76.4%, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in […]