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Technical Analysis - EURAUD bearish breakdown with 1.4465 weekly support level

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mql5
, 03-28-2016 at 04:29 AM (1005 Views)
      
   
  • Weekly price broke Ichimoku cloud for the bearish reversal to be bounced from 1.4465 support level;
  • The price is started to be ranging within 1.4465 support and 1.5837 bullish resistance level near Ichimoku cloud;
  • AbsoluteStrength indicator is estimating the bearish trend to be continuing with the secondary ranging.

Name: euraud-w1-alpari-limited.png Views: 175 Size: 29.5 KB

Trend:

  • D1 - ranging bearish
  • W1 - bearish breakdown
  • MN1 - correction

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