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Tools Used
Weekly Chart
The price is in a downward movement and its showing signs of forming a downward channel as it approaches a major support. The price is likely to break the support and continue to the downside.
Daily Chart
Contrary to the weekly, the EUR/AUD is showing signs of retracement from the middle channel line showing a possible retracement from the major resistance. But combining both charts the price is a …
- Horizontal and vertical lines
- Support and resistance lines
- Chart Pattern
Weekly Chart
The price is in a downward movement and its showing signs of forming a downward channel as it approaches a major support. The price is likely to break the support and continue to the downside.
Daily Chart
Contrary to the weekly, the EUR/AUD is showing signs of retracement from the middle channel line showing a possible retracement from the major resistance. But combining both charts the price is a …
