Monday, 4 January 2016

EUR/AUD Forex Technical Analysis for 04/01/2016

Technical Analysis 

EUR/AUD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and cross over of 50 day SMA on the downside indicating downtrend of the pair. It is having an important resistance at the level of 1.5345 and support at the level of 1.4834. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

Euro-AUD-Forex-Technical-analysis

Forex Market Indicators

MACD is sustaining in its negative zone indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

EUR-AUD-Forex-Technical-Chart


Trading Strategy 

EUR/AUD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.


Currency Pair Pivot Points

PAIR
S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.0653
1.0748
1.0804
1.0899
1.0955
1.1050
1.1106
GBP/USD
1.4450
1.4586
1.4667
1.4803
1.4884
1.5020
1.5101
USD/JPY
119.30
119.64
119.99
120.33
120.68
121.02
121.37
USD/CHF
0.9713
0.9782
0.9898
0.9967
1.0083
1.0152
1.0268
AUD/USD
0.7161
0.7201
0.7249
0.7289
0.7337
0.7377
0.7425
EUR/GBP
0.7247
0.7290
0.7327
0.7370
0.7407
0.7450
0.7487
USD/CAD
1.3664
1.3738
1.3793
1.3867
1.3922
1.3996
1.4051
NZD/USD
0.6738
0.6776
0.6812
0.6850
0.6886
0.6924
0.6960