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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 20, 2021 - 17:14
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.59050, resumption of downtrend is expected.
  • We make sure when the support at 1.52500 breaks.
  • If the resistance at 1.59050 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.5448 on 11/16/2021, so more gains to resistance(s) 1.5715, 1.5820 and maximum to Major Resistance (1.5905) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Supports and Resistances:

  1. 1.7315
  2. 1.6825
  3. 1.6396
  4. 1.6143
  5. 1.6011
  6. 1.5905
  7. 1.5820
  8. 1.5715
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Australian Dollar (EURAUD) Sun, 24 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 17 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 10 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 3 Mar 2024
Euro / Australian Dollar (EURAUD) Wed, 28 Feb 2024