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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.

DateMay 15, 2022 - 19:48
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.43000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.53503 breaks.
  • If the support at 1.43000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.45631 on 2022-03-07 and the trough at 1.43193 on 2022-04-05, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 1.52780 on 05/12/2022, so more losses to support(s) 1.49625, 1.46747, 1.44999 and minimum to Major Support (1.43000) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 54.

Supports and Resistances:

  1. 1.73150
  2. 1.68250
  3. 1.64369
  4. 1.62330
  5. 1.59299
  6. 1.55813
  7. 1.53503
  8. 1.49625
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