{"id":19066,"date":"2011-02-04T07:50:41","date_gmt":"2011-02-04T12:50:41","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19066"},"modified":"2011-02-04T07:50:41","modified_gmt":"2011-02-04T12:50:41","slug":"euraud-likely-to-see-upward-reversal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/04\/euraud-likely-to-see-upward-reversal\/","title":{"rendered":"EUR\/AUD Likely to See Upward Reversal"},"content":{"rendered":"

By Anton Eljwizat<\/strong><\/p>\n

The EUR\/AUD <\/a>pair has experienced much bearishness in the last few days as it currently trades at 1.3380. The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. I will illustrate below that the EUR\/AUD may very well be heading for a reversal. Traders are strongly advised to take advantage of the trend at an early stage.<\/p>\n

\u2022\tBelow is the 4-hour chart of the EUR\/AUD currency pair.<\/p>\n

\u2022\tThe technical indicators that are used are the William Percent Range, Relative Strength Index (RSI)<\/a>, and Slow Stochastic<\/a>.<\/p>\n

\u2022\tPoint 1: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.<\/p>\n

\u2022\tPoint 2: The RSI signals that the price of this pair currently floats in the over-sold territory, suggesting upward pressure.<\/p>\n

\u2022\tPoint 3: The Williams Percent Ranges is showing that this pair is heavily over-sold and may be experiencing strong upward pressure.<\/p>\n

\u2022\tThe volatile downward movement which occurred prior to this upward correction has generated these indicators, and there appears to be room for this correction to continue.<\/p>\n

EUR\/AUD 4-Hour Chart
\n\"EUR-AUD<\/p>\n

Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em>
\n<\/a><\/strong><\/em><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

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":"

The EUR\/AUD pair has experienced much bearishness in the last few days as it currently trades at 1.3380. The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. <\/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-19066","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19066","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=19066"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19066\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}