Are you able to consider it’s the center of the week?
When you haven’t bagged pips but, then you definitely’re gonna love that EUR/AUD and NZD/JPY are close to key assist ranges.
Test them out!
EUR/AUD hit a ceiling at 1.6225 this week however it appears to be like just like the bulls have discovered associates across the 1-hour timeframe’s 100 SMA.
Can EUR/AUD lengthen its September uptrend? Be careful for bullish candlesticks, which might result in a retest of this week’s highs. Heck, the euro might even hit new September highs if there’s sufficient momentum!
Not assured within the euro’s possibilities in opposition to the Aussie? In spite of everything, EUR/AUD noticed a topsy-turvy experience in August.
When you assume that EUR/AUD will quickly commerce beneath the ascending channel and the shifting averages, then you possibly can place orders beneath the assist ranges after which goal for areas of curiosity like 1.6075 or 1.6000.
Right here’s one for the vary playas on the market!
Stochastic remains to be within the “oversold” camp so some Kiwi bulls can nonetheless push NZD/JPY again to the 78.50 vary resistance zones.
Maintain shut tabs on the following candlesticks. If NZD/JPY sees extra shopping for stress, then you definitely gotta be able to commerce a potential return to September’s highs.
But when NZD/JPY trades and stays beneath 76.50, or if the pair consolidates close to its present ranges, then you can begin planning for a change in NZD/JPY’s short-term route.