EURAUD 30 Minute Chart Analysis

Hello traders welcome back to a new trading day. Well as I was doing my analysis CNY decided to Lower the Yuan again 2% and the market reacted very strong to this data. The charts or entries have to be watched very closely today. You most likely will have to do another trade plan. This is some crazy action the last two trading days and more to come. Love Forex …. OK let us take a look at today’s pair the EURAUD- This is the 30 minute chart chart. Today we have a look at the chart and we are looking for a pullback to the daily pivot as CNY data was released and again the big spike. So we need the pullback to the price level of 1.5045 and look for a bullish candle pattern for the buy entry. This might not happen as same as yesterday. We are looking to take profit resistance as shown on the chart at price level 1.5167. This is going to be a wild day as we have a lot of data today. Talk soon traders …William


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EURAUD 30 Minute Chart Analysis

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EURAUD 30 Minute Chart Analysis

Hello traders and welcome back as we look at another currency pair today. I would just like to make a comment on why the dollar has become weak and the currency pairs are all over the place well I can say it all in one word China as there markets yesterday had a very bad day. We have to remember that we are MACRO traders and we trade the globe and this will and does impact our trading, no big deal we just trade what is in front of us. Well being That was nat a happy statement I am showing you a chart today that has been trending so nice to the long side for the past week and just contunues to go, the reason is we have a very strong EURO and a weak AUD. So letus take a look at the EURAUD- This is the 30 minute chart chart. Today we have to say the daily is bullish as all the time frames are bullish. The trade for today has to be bullish if you look at the daily chart has made the move. The plan is to get a Fibonacci pullback to the 61.8 level at price 1.5200 and look to enter the long trade. We want to take profit at the resistance level which as you can see this pair continues to trend long so we are look at price level 1.5256. This this pair is trending very nice this week. Thank you traders and talk soon …. William


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EURAUD 30 Minute Chart Analysis

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EURAUD 30 Minute Chart Analysis

Hello traders and welcome back as we look at another currency pair today. I would just like to make a comment on why the dollar has become weak and the currency pairs are all over the place well I can say it all in one word China as there markets yesterday had a very bad day. We have to remember that we are MACRO traders and we trade the globe and this will and does impact our trading, no big deal we just trade what is in front of us. Well being That was nat a happy statement I am showing you a chart today that has been trending so nice to the long side for the past week and just contunues to go, the reason is we have a very strong EURO and a weak AUD. So letus take a look at the EURAUD- This is the 30 minute chart chart. Today we have to say the daily is bullish as all the time frames are bullish. The trade for today has to be bullish if you look at the daily chart has made the move. The plan is to get a Fibonacci pullback to the 61.8 level at price 1.5200 and look to enter the long trade. We want to take profit at the resistance level which as you can see this pair continues to trend long so we are look at price level 1.5256. This this pair is trending very nice this week. Thank you traders and talk soon …. William


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EURAUD 30 Minute Chart Analysis

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EURAUD 30 Minute Chart Analysis

Hello traders welcome back to a new trading day. Well we had Asia data this morning with NZD dropping interest rates .25bps and the price action reacted. The data for today is minimal, however I have to say the charts looking good and some pips to be made. Good trades yesterday with profit. OK so let us take a look at the currency pair for today and the trade plan for the EURAUD- This is the 30 minute chart chart. Today we have to say the daily is bullish as all the time frames are bullish. I am concerned at the 4 hour chart as it is approaching strong support. The trade for today has to be bullish if you look at the daily chart has made the move. The plan is to get a Fibonacci pullback to the 50% level at price 1.4792 and look to enter the long trade. We want to take profit at the daily R1 at price level 1.4838. If you are experienced at countertrend trades you can do this on the pullback to our long entry.


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EURAUD 30 Minute Chart Analysis

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