Australian Dollar Extends Weaknesses

by elliottwave-forecast.com | June 20, 2019 7:37 pm
Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been for a dip to 5.1%. Australian unemployment rate has now risen 0.3% since February. The official number...

Elliott Wave View: Further Strength in EURAUD

by elliottwave-forecast.com | March 6, 2019 8:49 pm
Elliott Wave View: Further Strength in EURAUD Short Term Elliott Wave view in EURAUD suggests the rally from February 21, 2019 low (1.5736) is unfolding as a 5 waves diagonal. Up from 1.5736, wave 1 ended at...

Elliott Wave View: EURAUD Bullish Sequence Favors More Upside

by elliottwave-forecast.com | January 6, 2019 5:11 pm
Elliott Wave view in EURAUD shows that the decline to 1.5337 low ended wave b. Rally from there unfolded as a 5 waves impulsive Elliott Wave structure. Up from 1.5337 low, Wave (1) ended at 1.5886, wave...

EURAUD Break and Retest (Apr 17, 2018)

by Kate Curtis | April 17, 2018 5:51 am
EURAUD recently broke below its head and shoulders neckline to confirm that a downtrend is underway. Price is pulling up to this broken resistance for a retest, and holding as resistance could send the pair down to...

EURAUD Head and Shoulders (Apr 11, 2018)

by Kate Curtis | April 11, 2018 7:41 am
EURAUD could be due for a downtrend as a head and shoulders pattern has formed on its 4-hour chart. Price has yet to break below the neckline at 1.5900 to confirm the potential drop. The 100 SMA...

EURAUD Rising Wedge (Mar 13, 2018)

by Kate Curtis | March 13, 2018 5:46 am
EURAUD is slowly trending higher inside a rising wedge formation visible on the 4-hour time frame. Price just bounced off the resistance and might be due for a pullback to support around the 1.5450 minor psychological level....

EURAUD Resistance Turned Support (Mar 6, 2018)

by Kate Curtis | March 6, 2018 4:07 am
EURAUD recently broke past the 1.5800 major psychological mark to signal that more gains are in the cards. However, price is stalling around 1.5925 and might be due for a pullback to the broken resistance. Applying the...

EURAUD Double Top (February 21, 2018)

by Kate Curtis | February 21, 2018 5:32 am
EURAUD looks ready for a selloff as price is forming a double top reversal pattern on its 4-hour time frame. The pair has yet to break below the neckline at the 1.5650 minor psychological mark before confirming...

EURAUD Range Resistance (Feb 14, 2018)

by Kate Curtis | February 14, 2018 6:47 am
EURAUD has been trading sideways recently, finding support at the 1.5650 minor psychological level and resistance near 1.5800. Price just bounced off the top of the range and might be due for a test of support again...

EURAUD Triple Top (Feb 12, 2018)

by Kate Curtis | February 12, 2018 2:50 am
A reversal may be brewing for EURAUD as the pair has formed a triple top formation on its 4-hour time frame and could be due for a break lower. Price is testing the neckline at the 1.5650...