Good morning traders, today we bring you a long-term analysis in EUR/AUD since we consider it at the beginning of an exciting situation. It is possible to make a profit.
🔸On the weekly chart, we see that the price has been in an uptrend for almost 10 years and is currently facing the lower trend line of the channel.
🔸It was consolidating in the area for a few weeks, and recently we managed to see a little upward momentum, which is a good start.
🔸If the movement consolidates, we may see a new bullish rally, with a possible target in the previous highs. If the momentum is powerful, it may reach the upper trend line of the channel. Obviously, this situation takes months to resolve.
🔸If we go to the daily chart, we can better appreciate the price action in the current zone, how the price managed to break the range in which it was moving:
🔸On the weekly chart, we see that the price has been in an uptrend for almost 10 years and is currently facing the lower trend line of the channel.
🔸It was consolidating in the area for a few weeks, and recently we managed to see a little upward momentum, which is a good start.
🔸If the movement consolidates, we may see a new bullish rally, with a possible target in the previous highs. If the momentum is powerful, it may reach the upper trend line of the channel. Obviously, this situation takes months to resolve.
🔸If we go to the daily chart, we can better appreciate the price action in the current zone, how the price managed to break the range in which it was moving:
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.