empty
18.11.2024 06:23 AM
Technical Analysis of Intraday Price Movement of EUR/AUD Cross Currency Pairs, Monday November 18, 2024.

This image is no longer relevant

With the appearance of the Bearish Flag pattern followed by the appearance of a deviation between the price movement of the EUR/AUD cross currency pair with the Stochastic Oscillator indicator and the price movement is below the WMA (30 Shift 2) then in the near future EUR/AUD has the potential to weaken where if 1.6242 is successfully broken and closes below it then EUR/AUD will go to level 1.6181 if this level is successfully broken and closed below it by EUR/AUD then this cross currency pair will continue to weaken to level 1.6060 as its main target and if the momentum and volatility support then 1.5985 will be the next target to be targeted but if on its way to the target levels suddenly EUR/AUD turns around and strengthens again especially if it successfully breaks and closes above level 1.6439 then all predictions of weakening that have been described previously will be invalid and canceled by themselves.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Although there is potential for strengthening today, Natural Gas is still likely to continue its weakening bias. Tuesday, September 23, 2025.

[Natural Gas] – [Tuesday, September 23, 2025] There is potential for a limited rebound as long as it does not break and close above Resistance 2; otherwise, #NG is likely

Arief Makmur 07:32 2025-09-23 UTC+2

Gold has the potential to strengthen up to its nearest Resistance today. Tuesday, September 23, 2025.

[Gold] – [Tuesday, September 23, 2025] Although a Bearish Divergence has appeared which signaling a possible correction, the EMA's Golden Cross and the RSI which remains in the Neutral-Bullish zone

Arief Makmur 07:32 2025-09-23 UTC+2

Forecast for EUR/USD on September 23, 2025

EUR/USD The weakness the euro showed at the Kijun-sen (MACD) line (daily) quickly resulted in a sharp rebound back into the range of September 18, as rising yields on U.S

Laurie Bailey 05:58 2025-09-23 UTC+2

Forecast for GBP/USD on September 23, 2025

GBP/USD Yesterday's 0.39% drop in the U.S. dollar index hindered the continuation of the British pound's downward movement. The price returned to the Kijun-sen (MACD) line, and during today's Pacific

Laurie Bailey 05:51 2025-09-23 UTC+2

Forecast for USD/CAD on September 23, 2025

USD/CAD Yesterday was a significant day for the USD/CAD pair — the price broke through the resistance of the balance indicator line and the target level of 1.3810, accompanied

Laurie Bailey 05:44 2025-09-23 UTC+2

USD/JPY. Analysis and Forecast

Technically speaking, the price holding above the round-number level of 148.00 paves the way for continued growth in the USD/JPY currency pair. Additionally, daily chart oscillators remain in positive territory

Irina Yanina 21:45 2025-09-22 UTC+2

Forecast for EUR/USD on September 22, 2025

On Friday, the EUR/USD pair continued its decline after bouncing off the 1.1789–1.1802 zone. The decline in the euro may continue toward the 76.4% corrective level at 1.1695

Samir Klishi 11:45 2025-09-22 UTC+2

Forecast for GBP/USD on September 22, 2025

On the hourly chart, the GBP/USD pair continued its decline on Friday after consolidating below the 1.3587–1.3620 zone and ended the day with a close below the 76.4% Fibonacci level

Samir Klishi 11:36 2025-09-22 UTC+2

GBP/USD. Technical Analysis for the Week of September 22–27

Last week, the pair moved upward toward the Bollinger Band line at 1.3721 (black dashed line), and then the price turned downward, closing the weekly candle at 1.3466

Stefan Doll 11:24 2025-09-22 UTC+2

EUR/USD. Technical Analysis for the Week of September 22–27

Last week, the pair moved upward and tested the 161.8% target level at 1.1886 (red dashed line), after which the price moved down, closing the weekly candle at 1.1745

Stefan Doll 11:21 2025-09-22 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.