EUR/AUD - The Pull Back To Value
Chart: Daily Time Frame
Market Trend (Daily): Bearish
Dominant Trend: Bearish (Daily, Weekly, Monthly)
Bearish Indicators
1. Tweezers tops rejecting 1.452 daily/resistance level
2. Price rejecting & closing below 50 EMA (dynamic resistance)
3. Price has broken support @ 1.452 and pulled back to value (Ideal short entry)
Notes:
Based purely on the technical analysis, price is likely to see 1.37 as a long term target - weekly & daily support level.
Agree / Disagree? Let me know in the comment section below!
Market Trend (Daily): Bearish
Dominant Trend: Bearish (Daily, Weekly, Monthly)
Bearish Indicators
1. Tweezers tops rejecting 1.452 daily/resistance level
2. Price rejecting & closing below 50 EMA (dynamic resistance)
3. Price has broken support @ 1.452 and pulled back to value (Ideal short entry)
Notes:
Based purely on the technical analysis, price is likely to see 1.37 as a long term target - weekly & daily support level.
Agree / Disagree? Let me know in the comment section below!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.