Jump to content


Next High Impact Market News Event:
Retrieving events...


Toggle shoutbox The Traders Chat Open the Shoutbox in a popup

@  traderpusa : (19 January 2020 - 08:20 PM) Kurt09 you should post in appropriate thread with screenshots to prove your case
@  kurt09 : (19 January 2020 - 03:25 PM) They Analist Edward Shultz is the biggest scammer, stay away from them
@  kurt09 : (19 January 2020 - 03:24 PM) Elitetrading.co and Tradeidiea is Big Scam, they dont let you withdraw yourr money
@  joacim : (19 January 2020 - 05:28 AM) vostro
@  traderpusa : (18 January 2020 - 09:54 PM) great. good luck trading in 2020 !
@  Singh : (18 January 2020 - 03:37 PM) @traderpusa naw man, I give up, its too much to baby sit people, give them rules and guidance and then restart again lol I am better off trading myself here and there.
@  traderpusa : (17 January 2020 - 09:34 PM) sorry to hear that. Keep on looking I would say.
@  Singh : (17 January 2020 - 04:20 PM) @traderpusa Nope, was a shit show. I doubt there is a good trader out there with a good risk management etc, demo is all bell and whistles lol
@  traderpusa : (16 January 2020 - 09:05 PM) Is your guy still active ?
@  traderpusa : (16 January 2020 - 09:05 PM) all good Singh. Back to the daily grind of trading.
@  Singh : (16 January 2020 - 03:45 PM) @blessedtj Hola
@  Singh : (16 January 2020 - 03:45 PM) @traderpusa Sup Man
@  blessedtj : (15 January 2020 - 11:35 PM) hi all
@  traderpusa : (15 January 2020 - 10:09 PM) Hi Singh.
@  Singh : (15 January 2020 - 01:04 PM) Hey T
@  Singh : (15 January 2020 - 01:04 PM) Sup Fellas
@  Tripack : (14 January 2020 - 01:19 PM) Best to throw your question in a thread here http://www.binaryopt...ing-assistance/
@  forza125 : (14 January 2020 - 08:33 AM) ?
@  forza125 : (13 January 2020 - 02:23 PM) can anyone put an alert on a histogram?
@  traderpusa : (08 January 2020 - 02:49 AM) it is.

Photo

EUR/AUD Monthly Outlook by FxBinaryPoint

forex technical analysis options strategies binary options signals binary analysis fxbinarypoint.com

  • Please log in to reply
No replies to this topic

#1 FxBinaryPoint

FxBinaryPoint

    Newbie

  • Members
  • Pip
  • 4 posts

Posted 07 September 2015 - 11:00 PM

Euro (EUR) extended upside movement against the Australian Dollar (AUD) in August, for the fifth month in a row, increasing the price of EUR/AUD to more than 1.6580 before some sharp retracement and managed to close the month at 1.4727. The pair turned the long term technical bias to Bullish by printing a Higher High on monthly chart.

As per technical analysis, the rally looks vulnerable and we see some major correction in September. Key economic reports of the month include Eurozone’s Q2 GDP report, Australia’s employment report, Eurozone’s inflation news for August and Reserve Bank of Australia (RBA) meeting minutes.

Technical Analysis

As of this writing, the pair is being traded around 1.6124 with an immediate resistance being noted at 1.6400 which is the confluence resistance zone because of 50% fib level, psychological number as well as horizontal resistance as demonstrated in the following monthly chart.

 

 

2.png

Not to mention, the pair left a huge bearish pin bar on the weekly chart with an unprecedented retracement of more than 1000 pips as demonstrated in the following weekly chart.

 

1.png

 

 
This pin bar is expected to keep the pair under selling pressure throughout the course of ongoing month. A break below 1.5559, the low of the bearish pin bar, will confirm more dips below the 1.5267 zone.

Fundamental Analysis

As mentioned earlier, the pair will get direction from some major economic releases that are scheduled later this month.

Eurozone’s Q2 GDP

EuroStat is due to release the Eurozone’s Gross Domestic Product (GDP) report for the second quarter on Tuesday, September 08. According to the average forecast of different economists, the economy of Eurozone grew at 1.2% in the second quarter as compared to 1.0% in the same quarter of the year before. A better than expected actual outcome will be seen as bullish for the EUR/AUD pair and vice versa.

Australia’s Employment Report, 

The Australian Bureau of Statistics (ABS) will release the country’s employment rate figure for the month of August on Thursday, September 10. According to the median projection of different economists, the rate of unemployment remained 6.3% in August as compared to the same rate in the month before. A lower than expected actual figure will be seen as bearish for EUR/AUD and vice versa.

Eurozone’s inflation News 

On Wednesday, September 30th, the EuroStat will release the Eurozone’s inflation report for the month of September. It will be a very crucial release as the European Central Bank (ECB) heavily rely on inflation readings for making important monetary policy decisions.

Trade Idea

Considering the overall technical and fundamental outlook, selling the pair around current levels appears to be a good strategy in short to medium term. The trade may be stopped on a break above the 1.6584 resistance area which is the high of bearish pin bar.

Attached Files

  • Attached File  1.png   28.19KB   0 downloads
  • Attached File  2.png   32.63KB   0 downloads






Also tagged with one or more of these keywords: forex technical analysis, options strategies, binary options signals, binary analysis, fxbinarypoint.com

0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


USA REGULATION NOTICE: There are many binary options companies which are not regulated within the United States. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).

It is our STRONG opinion that you do not operate with any unregulated brokerage firm as they may steal or try to scam you out of every dime you have. Please take notice that any unregulated trading activity by U.S. Citizens should be considered unlawful.

Risk Disclosure: Binary Options Edge does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading binary options are high and may not be suitable for all investors. Binary Options Edge doesn't retain responsibility for any trading losses you might face as a result of using the data hosted on this site. The data and quotes contained in this website are not provided by exchanges but rather by market makers. So prices may be different from exchange prices and may not be accurate to real time trading prices. They are supplied as a guide to trading rather than for trading purposes.