Zostať 
Podmienky obchodovania
Nástroje
In April, the EUR/AUD pair expressed a significant bearish movement that extended between the price level of 1.6110 down to 1.5280.
Since June 6, the pair has been trending-up above the depicted uptrend on the H4 chart. This depicted bullish movement was initiated around 1.5280.
Recently, the evident bearish pressure was initiated around 1.5880. This led to a bearish breakdown of the depicted uptrend allowing the current bearish decline to occur towards 1.5710.
Please note that the price zone 1.5750-1.5650 constitutes a prominent demand zone corresponding to a previous consolidation range that goes back to February 2018.
Daily candlestick closure below 1.5750 (38.2% Fibonacci level) enhances further bearish decline towards 1.5650-1.5580 (near 50% Fibonacci level) where bullish rejection and a valid BUY entry should be anticipated.
On the other hand, re-consolidation above 1.5750 enhances further bullish momentum initially towards the recent highs around 1.5800.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
