Technicals Technicals Technicals no matter what fundamentals occur.
EURAUD is in an upward bullish channel and has held multiple times.
Signals:
1. Currently at bottom of weekly channel acting as support.
2. Stochastic RSI weekly and daily oversold and in the buy zone.
3. Upward Trend still dominant.
TP 1 at next Resistance
TP 2 at top of weekly channel
Good luck trading.
Charles V
CVFX Management
EURAUD is in an upward bullish channel and has held multiple times.
Signals:
1. Currently at bottom of weekly channel acting as support.
2. Stochastic RSI weekly and daily oversold and in the buy zone.
3. Upward Trend still dominant.
TP 1 at next Resistance
TP 2 at top of weekly channel
Good luck trading.
Charles V
CVFX Management
Note
Note that TP2 at red line is actually the SL Stop Loss, typo error on my part.Note
Weekly Update: Last week closed with a strong daily bull candlestick. Trade looking very good to climb up, expecting new high this week.
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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.