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Thread: EURAUD 30 Minute Chart Analysis

  1. #1
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
    Join Date
    Feb 2007
    On the moon
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    Default 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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