{"id":10876,"date":"2010-07-07T09:12:34","date_gmt":"2010-07-07T13:12:34","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10876"},"modified":"2010-07-07T09:12:34","modified_gmt":"2010-07-07T13:12:34","slug":"euraud-provides-bearish-signals","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/07\/euraud-provides-bearish-signals\/","title":{"rendered":"EUR\/AUD Provides Bearish Signals"},"content":{"rendered":"<div><strong>By Anton Eljwizat <\/strong>&#8211; Last  week\u2019s bullish movement of the EUR\/AUD cross hasn\u2019t received much  support as of late. Below, I will demonstrate that the EUR\/AUD pair has  already commenced a downward trend for today, and the cross may tumble  another 40-110 pips in the coming days. Traders are strongly advised to  take advantage of the trend at an early stage. Therefore, why not open  short positions at an excellent price?<\/div>\n<p>\u2022\tThe technical indicators that are used  are the Williams Percent Ranges, Relative Strength Index (RSI), and  Stochastic Slow.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, signaling  that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 2: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the overbought territory, signaling  downward pressure.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Ranges signals further bearishness  for the pair, which in turn indicates further downward pressure to occur  anytime soon.<\/p>\n<p>EUR\/AUD Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/EUR-AUD-7-7.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/EUR-AUD-7-7.JPG\" alt=\"\" width=\"446\" height=\"558\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                        Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                        may not be suitable for all investors. There is a             possibility      that     you   could sustain a loss of all  of    your         investment and      therefore  you     should  not   invest   money  that   you      cannot afford to      lose. You  should    be      aware of   all   the    risks   associated with   Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; Last week\u2019s bullish movement of the EUR\/AUD cross hasn\u2019t received much support as of late. Below, I will demonstrate that the EUR\/AUD pair has already commenced a downward trend for today, and the cross may tumble another 40-110 pips in the coming days. Traders are strongly advised to take advantage of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/07\/euraud-provides-bearish-signals\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/AUD Provides Bearish Signals&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10876","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10876"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}