TRADERSSPREAD / signal
Feed
Forex
Crypto
Commodities
Indices
Reviews
Compare Brokers

EURAUD Technical Analysis 18 October, 2021

ECB

• EURAUD reversed from support zone
• Likely to rise to resistance level 1,5800

EURAUD currency pair continues to rise after the price reversed up from the support zone lying between the key support level 1,562 (previous monthly low from July, as can be seen from the daily EURAUD chart below), lower support trendline of the daily down channel from August and the lower daily Bollinger Band .The upward reversal from this support zone stopped the previous impulse wave 3.

Given the strength of the aforementioned support zone and the oversold daily Stochastic indicator , EURAUD currency pair can be expected to rise toward the next resistance level 1,5800 (former support from July).

TAGS:

TOP BROKERS

Vantage FX
Samtrade FX
Plus500
Pepperstone
IG Markets
IC Markets

Latest News

View All →

Vantage FX Review:

Vantage FX

The multi-regulated CFD broker with 180+ products BRIEF INTRODUCTION The Vantage Group of Companies was incorporated in 2009 by a

Samtrade FX Review:

Samtrade FX

A comprehensive analysis of an award-winning broker BRIEF INTRODUCTION Samtrade FX is incorporated in Saint Vincent and the Grenadines under

Plus500 Review:

Plus500

The Israeli-based multi-asset company with 2000+ products BRIEF INTRODUCTION Plus500 is a trademark of Plus500 Limited, an Israel incorporated firm

Pepperstone Review:

Pepperstone

BRIEF INTRODUCTION Pepperstone, founded by Owen Kerr and Joe Davenport, is an FX and CFD broker based out of Melbourne,

IG Markets Review:

IG Markets

An in-depth analysis of the top Australian forex broker Introduction to the top CFD broker IG Markets Ltd is the

IC Markets Review:

IC Markets

The tier-I regulated broker with the lowest spreads in the industry BRIEF INTRODUCTION IC Markets is the trading name of