Analysis for EURAUD
Chart seems to be about to end its boring state. But is the price going up or down?
In this analysis, we have a long-term trend line in daily time, a channel and a resistance zone (1.5660 - 1.5700) in four-hour time, which gives us a strong resistance zone. If the price can pass this zone, we will have an uptrend. If the price treats this zone with a significant downward candle, we will have to wait for the next candle.
In this analysis, we have a long-term trend line in daily time, a channel and a resistance zone (1.5660 - 1.5700) in four-hour time, which gives us a strong resistance zone. If the price can pass this zone, we will have an uptrend. If the price treats this zone with a significant downward candle, we will have to wait for the next candle.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.