{"id":9593,"date":"2010-05-20T08:23:36","date_gmt":"2010-05-20T12:23:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9593"},"modified":"2010-05-20T08:23:36","modified_gmt":"2010-05-20T12:23:36","slug":"euraud-uptrend-might-be-at-its-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/20\/euraud-uptrend-might-be-at-its-end\/","title":{"rendered":"EUR\/AUD Uptrend Might Be at Its End"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; In the last week trading, the EUR\/AUD experienced much bullishness,  as it stands now at 1.4930. However as I demonstrate below, it seems  that the pair\u2019s bullish run may have run of steam, and a bearish  correction could be underway soon. Forex traders have the opportunity to  wait for the downward breach on the hourlies and go short in order to  ride out the impending wave.<\/p>\n<p>\u2022\tBelow is the 8-hour chart for the  EUR\/AUD.<\/p>\n<p>\u2022\tThe technical indicators that are used are the Relative Strength  Index (RSI), Slow Stochastic and Williams Percent Range.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates an impending bearish cross,  which may signal a downward movement is going to occur in the near  future.<\/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 Range has peaked at the 0 marker;  which means that there may actually be a strong level of downward  pressure.<\/p>\n<p>EUR\/AUD 8 Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/EUR-AUD-20-51.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/EUR-AUD-20-51.JPG\" alt=\"\" width=\"507\" height=\"680\" \/><\/a><\/p>\n<p><strong><em>Forex Market      Analysis<\/em> provided by\u00a0<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; In the last week trading, the EUR\/AUD experienced much bullishness, as it stands now at 1.4930. However as I demonstrate below, it seems that the pair\u2019s bullish run may have run of steam, and a bearish correction could be underway soon. Forex traders have the opportunity to wait for the downward &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/20\/euraud-uptrend-might-be-at-its-end\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/AUD Uptrend Might Be at Its End&#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-9593","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9593","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=9593"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9593\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}