• EURAUD bouncing nicely above major support!

    EURAUD is bouncing nicely above major support at 1.5625 (Fibonacci retracement, horizontal swing low support) and a further rise could see price push up to 1.5770 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing a nice bounce above 4.8% support with really good upside potential, similar to what we’re seeing in price. […]

  • EURAUD starting to breakdown, watch for a potential plummet!

    EURAUD has finally broken our major support-turned-resistance line at 1.5639 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here that could push price all the way down to 1.5494 (Fibonacci retracement, horizontal pullback support). RSI (89) is still holding well above our ascending support line and only a break of this […]

  • EURAUD testing major resistance, watch for a potential drop!

    EURAUD is testing major resistance at 1.5410 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. […]

  • EURAUD testing major resistance, potential reversal!

    EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. […]

  • EURAUD testing major support, could be seeing a bounce!

    EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could occur at […]

  • EURAUD facing strong resistance, potential upcoming drop!

    EURAUD is testing major resistance at 1.5423 (50% Fibonacci retracement, horizontal swing high resistance, bearish descending channel) and a strong reaction could occur at this level to push it down towards 1.5310 support (50% Fibonacci retracement, horizontal pullback support). RSI (34) sees a descending channel signaling intermediate downside pressure. Trading CFDs on margin carries high […]

  • EURAUD testing resistance, potential drop!

    EURAUD is starting to test major resistance at 1.5431 (50% Fibonacci retracement, horizontal swing high resistance) and a potential drop could occur at this level to push price back down to major support at 1.5297 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur. Trading […]

  • EURAUD forming a double top reversal!

    EURAUD has started to form a really strong reversal signal with a double top being confirmed at 1.5378 (23.6% Fibonacci confirmation level, horizontal pullback resistance). A potential drop could occur from here towards 1.5311 support (above 50% Fibonacci support, horizontal overlap support, double top reversal potential). RSI (34) sees a couple of recent bearish exits […]

  • EURAUD back to resistance, possible reversal

    EURAUD is now back to testing major resistance at 1.5285 (38.2% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal pullback resistance). Price could not break through this level since yesterday and price action seems to be stalling around this area. A possible drop could occur at this level in line with our bearish channel to push price […]

  • EURAUD on strong support, watch for a potential bounce!

    EURAUD is testing major support at 1.5244 (61.8% Fibonacci extension, 78.4% Fibonacci retracement, horizontal pullback support, bullish bat formation, bullish divergence) and a strong bounce could occur at this level to drive price up to at least 1.5432 resistance (Fibonacci retracement, horizontal swing high resistance). RSI (34) sees strong bullish divergence vs price signaling that […]

  • EURAUD dropping nicely from channel resistance

    Price has dropped perfectly from our resistance area yesterday and has risen to test our descending resistance once again. A further drop is expected below major resistance at 1.5417 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level […]

  • EURAUD testing channel resistance!

    Price is testing major descending resistance at 1.5419 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop could possibly occur at this level to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 1.5478 (78.6% Fibonacci retracement, horizontal break out […]

  • EURAUD on major support area, keep an eye out!

    EURAUD is now testing major support at 1.5335 onwards (Fibonacci retracement, horizontal overlap support, recent swing low support) and a strong bounce could occur as this level to push price up to at least 1.5112 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 2% and a corresponding bounce could occur […]