EUR/AUD – Currency exchange rate forecast 23.08.2019: below its lower Bollinger band

EUR/AUD - Currency exchange rate forecast 23.08.2019: below its lower Bollinger band

The MACD is negative and below its signal line.

Our pivot point is at 1.6411.

Our preference: the downside prevails as long as 1.6411 is resistance.

Alternative scenario: above 1.6411, look for 1.6466 and 1.6499.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.6383 and 1.6388). Finally, the EUR/AUD has penetrated its lower Bollinger band (1.6365).

Supports and resistances:

1.6499 **

1.6466 *

1.6411 **

1.6389

1.6365 last

1.6296

1.6263 **

1.6230 *

1.6197 **

EUR/AUD Currency exchange rate forecast 16.08.2019: the RSI is oversold

EUR/AUD Currency exchange rate forecast 16.08.2019: the RSI is oversold

The MACD is below its signal line and negative.

Our pivot point is at 1.6397.

Our preference: the downside prevails as long as 1.6397 is resistance.

Alternative scenario: the upside breakout of 1.6397, would call for 1.6452 and 1.6485.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.6384 and 1.6410). Finally, the EUR/AUD is trading below its lower Bollinger band (standing at 1.6346).

Supports and resistances:

1.6485 **

1.6452 *

1.6397 **

1.6375

1.6345 last

1.6278

1.6245 **

1.6212 *

1.6179 **

EUR/AUD Currency exchange rate forecast 15.08.2019: rebound

EUR/AUD Currency exchange rate forecast 15.08.2019: rebound

Alternative scenario: the downside breakout of 1.6425 would call for 1.6370 and 1.6336.

1.6425 is our pivot point.

Our preference: rebound.

Alternative scenario: the downside breakout of 1.6425 would call for 1.6370 and 1.6336.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (1.6448) but under its 50 MA (1.6492).

Supports and resistances:

1.6653 **

1.6620 *

1.6587 **

1.6554

1.6476 last

1.6447

1.6425 **

1.6370 *

1.6336 **

EUR/AUD Currency exchange rate forecast 13.08.2019: rebound

EUR/AUD Currency exchange rate forecast 13.08.2019: rebound

The MACD is negative and above its signal line.

Our pivot point stands at 1.6521.

Our preference: rebound.

Alternative scenario: the downside breakout of 1.6521 would call for 1.6465 and 1.6432.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (1.6560) but under its 50 MA (1.6585).

Supports and resistances:

1.6744 **

1.6710 *

1.6677 **

1.6644

1.6573 last

1.6543

1.6521 **

1.6465 *

1.6432 **

EUR/AUD Currency exchange rate forecast 12.08.2019: above its upper Bollinger band

EUR/AUD Currency exchange rate forecast 12.08.2019: above its upper Bollinger band

Alternative scenario: the downside breakout of 1.6526 would call for 1.6470 and 1.6436.

Our pivot point stands at 1.6526.

Our preference: the upside prevails as long as 1.6526 is support.

Alternative scenario: below 1.6526, expect 1.6470 and 1.6436.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.6521 and 1.6507). Finally, the EUR/AUD has crossed above its upper Bollinger band (1.6573).

Supports and resistances:

1.6747 **

1.6713 *

1.6680 **

1.6647

1.6580 last

1.6548

1.6526 **

1.6470 *

1.6436 **

EUR/AUD – Currency exchange rate forecast 09.08.2019: the upside prevails as long as 1.6460 is support

EUR/AUD - Currency exchange rate forecast 09.08.2019: the upside prevails as long as 1.6460 is support

Alternative scenario: the downside breakout of 1.6460 would call for 1.6404 and 1.6371.

Our pivot point is at 1.6460.

Our preference: the upside prevails as long as 1.6460 is support.

Alternative scenario: below 1.6460, expect 1.6404 and 1.6371.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.6477 and 1.6457).

Supports and resistances:

1.6673 **

1.6640 *

1.6606 **

1.6573

1.6505 last

1.6482

1.6460 **

1.6404 *

1.6371 **

EUR/AUD – Currency exchange rate forecast 07.08.2019: the downside prevails as long as 1.6620 is resistance

EUR/AUD - Currency exchange rate forecast 07.08.2019: the downside prevails as long as 1.6620 is resistance

The configuration is negative.

Our pivot point stands at 1.6620.

Our preference: the downside prevails as long as 1.6620 is resistance.

Alternative scenario: the upside breakout of 1.6620, would call for 1.6676 and 1.6710.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.6615 and 1.6622).

Supports and resistances:

1.6710 **

1.6676 *

1.6620 **

1.6598

1.6569 last

1.6496

1.6463 **

1.6430 *

1.6396 **

EUR/AUD – Currency exchange rate forecast 03.07.2019: the RSI is oversold

EUR/AUD - Currency exchange rate forecast 03.07.2019: the RSI is oversold

Alternative scenario: the downside breakout of 1.5990 would call for 1.5936 and 1.5904.

Our pivot point is at 1.5990.

Our preference: rebound towards 1.6132.

Alternative scenario: below 1.5990, expect 1.5936 and 1.5904.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.6059 and 1.6107).

Supports and resistances:

1.6196 **

1.6164 *

1.6132 **

1.6099

1.6034 last

1.6012

1.5990 **

1.5936 *

1.5904 **

EUR/AUD – Currency exchange rate forecast 01.07.2019: target 1.6115

EUR/AUD - Currency exchange rate forecast 01.07.2019: target 1.6115

Alternative scenario: above 1.6264, look for 1.6319 and 1.6351.

Our pivot point stands at 1.6264.

Our preference: target 1.6115.

Alternative scenario: the upside breakout of 1.6264, would call for 1.6319 and 1.6351.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (1.6223) but above its 50 MA (1.6201).

Supports and resistances:

1.6351 **

1.6319 *

1.6264 **

1.6242

1.6214 last

1.6148

1.6115 **

1.6083 *

1.6050 **

EUR/AUD – Currency exchange rate forecast 28.06.2019: the downside prevails as long as 1.6251 is resistance

EUR/AUD - Currency exchange rate forecast 28.06.2019: the downside prevails as long as 1.6251 is resistance

Alternative scenario: the upside breakout of 1.6251 would call for 1.6305 and 1.6338.

1.6251 is our pivot point.

Our preference: the downside prevails as long as 1.6251 is resistance.

Alternative scenario: above 1.6251, look for 1.6305 and 1.6338.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.6227 and 1.6227).

Supports and resistances:

1.6338 **

1.6305 *

1.6251 **

1.6229

1.6205 last

1.6138

1.6105 **

1.6073 *

1.6040 **