EURAUD: Rebounded From EMA200 Line, Continuation of Bull Run?
Güncellendi
Hello Fellow Forex Traders, Here is a technical analysis of EURAUD for your consideration.
The recent price action of EURAUD indicates a potential continuation of the bullish trend as it has consistently rebounded from the EMA200 line. Moreover, we can observe the formation of a descending broadening wedge pattern, followed by a trendline breakout. This breakout suggests the likelihood of an upward movement soon. To further support this possibility, the MACD indicator has formed a golden cross, which typically signifies a bullish trend, indicating a potential upward movement toward the target area.
It is important to keep in mind that once the target/support area is reached, the roadmap provided may no longer be valid.
If you find this analysis helpful, I encourage you to show your support by clicking the rocket button and sharing your opinions in the comments section below.
"Disclaimer: This analysis is intended solely for educational purposes and should not be considered as a recommendation to take a long or short position on the
EURAUD currency pair."
Wishing you successful trading endeavors!
The recent price action of EURAUD indicates a potential continuation of the bullish trend as it has consistently rebounded from the EMA200 line. Moreover, we can observe the formation of a descending broadening wedge pattern, followed by a trendline breakout. This breakout suggests the likelihood of an upward movement soon. To further support this possibility, the MACD indicator has formed a golden cross, which typically signifies a bullish trend, indicating a potential upward movement toward the target area.
It is important to keep in mind that once the target/support area is reached, the roadmap provided may no longer be valid.
If you find this analysis helpful, I encourage you to show your support by clicking the rocket button and sharing your opinions in the comments section below.
"Disclaimer: This analysis is intended solely for educational purposes and should not be considered as a recommendation to take a long or short position on the
EURAUD currency pair."Wishing you successful trading endeavors!
İşlem aktif
Confirmed Breakout of the Structure Not
H4 Timeframe analysis: Still moves above the trendline and EMA200 Line. The outlook seems good!Not
H4 Timeframe: Breakout of wedge patternNot
Yup forming another patternNot
Breakout of consolidation phase, Time to continue its advancing phase.İşlem kapandı: hedefe ulaştı
Target 1 is finally reached the first target, Cheers :)Will it go to the second target soon?
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.