{"id":6844,"date":"2010-02-15T08:50:51","date_gmt":"2010-02-15T13:50:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=6844"},"modified":"2010-02-15T08:50:51","modified_gmt":"2010-02-15T13:50:51","slug":"euraud-provides-signs-for-reversal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/02\/15\/euraud-provides-signs-for-reversal\/","title":{"rendered":"EUR\/AUD Provides Signs for Reversal"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The EUR has dropped significantly versus the AUD in the past week, and it is currently trading around 1.5335. And now as evident in the data below, the daily chart is giving bullish signals, indicating that the EUR\/AUD pair might go up. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal.<\/p>\n<p>\u2022\tBelow is the daily chart of the EUR\/AUD currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent Range, Relative Strength Index (RSI), and Slow Stochastic.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022 Point 3: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the oversold territory, signaling upward pressure.<\/p>\n<p>\u2022 Point 4: The Williams Percent Range has peaked near at the -100 marker, which means that there may actually be a strong level of upward pressure.<\/p>\n<p><strong>EUR\/AUD Daily Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/EUR-AUD-15-2.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/EUR-AUD-15-2.JPG\" alt=\"\" width=\"479\" height=\"586\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/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; The EUR has dropped significantly versus the AUD in the past week, and it is currently trading around 1.5335. And now as evident in the data below, the daily chart is giving bullish signals, indicating that the EUR\/AUD pair might go up. Forex traders can take advantage of this impending movement &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/02\/15\/euraud-provides-signs-for-reversal\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/AUD Provides Signs for Reversal&#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-6844","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6844","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=6844"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6844\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=6844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=6844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=6844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}