EURAUD-SHORT
RSI above over bought.
Stochastic over bought.
Euro: Euro area in recession which make it bearish.
Aud: Factors that affect Aud bullish are, Interest rate differentials,Commodity prices, Purchasing power parity,Government credit ratings and Sentiment with speculation. March 3rd, 2020 Aud cash rate, Building Approve and RBA Rate Statement which will make it more bullish. Only Corona virus effect negative impact on AUD due to AUD is related with China too.
I am in short from 1.7050 with Stop Loss:1.73 and my target is 1.66, 1.62 and 1.57.
Its a 16 weeks trade setup maximum.
Stochastic over bought.
Euro: Euro area in recession which make it bearish.
Aud: Factors that affect Aud bullish are, Interest rate differentials,Commodity prices, Purchasing power parity,Government credit ratings and Sentiment with speculation. March 3rd, 2020 Aud cash rate, Building Approve and RBA Rate Statement which will make it more bullish. Only Corona virus effect negative impact on AUD due to AUD is related with China too.
I am in short from 1.7050 with Stop Loss:1.73 and my target is 1.66, 1.62 and 1.57.
Its a 16 weeks trade setup maximum.
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