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  4. EUR/AUD Signal- August 13, 2012
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EUR/AUD Signal- August 13, 2012

By Alp Kocak
Alp Kocak
By Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

Currency: EUR/AUD
Trend Expected Direction: Flat
Method: Ichimoku, Technical Analysis
Description: EUR/AUD found support at 1.1610 and formed double dip. Today the pair broke above descending trend line. The pair is trading above the kumo, Tenkan sen and Kijun sen cross is bullish as well.
Recommendation: Long
Target Area: 1.1694
Stop-Loss: 1.1640

EURAUD Signal 81312

Alp Kocak
About Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.
 

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