Euraud bullish for 1200 pips
If you're looking at a bullish scenario for the EUR/AUD pair with a target of 120 pips, it's important to consider the current technical and fundamental factors driving the pair. Here's a broad analysis:
1. Technical Analysis:
Support and Resistance Levels: Identify key support and resistance levels. If EUR/AUD has broken through a significant resistance, it may indicate further upside potential.
Moving Averages: Look at short-term and long-term moving averages (e.g., 50-day and 200-day MA). A crossover or strong upward trend could indicate a bullish trend.
Chart Patterns: Are there any bullish formations such as an ascending triangle, cup and handle, or inverse head and shoulders?
Indicators: Relative Strength Index (RSI) or MACD divergence may suggest overbought or continuation signals.
1. Technical Analysis:
Support and Resistance Levels: Identify key support and resistance levels. If EUR/AUD has broken through a significant resistance, it may indicate further upside potential.
Moving Averages: Look at short-term and long-term moving averages (e.g., 50-day and 200-day MA). A crossover or strong upward trend could indicate a bullish trend.
Chart Patterns: Are there any bullish formations such as an ascending triangle, cup and handle, or inverse head and shoulders?
Indicators: Relative Strength Index (RSI) or MACD divergence may suggest overbought or continuation signals.
Ordem cancelada
Trade closed for early profit
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.