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XAU/USD 4H Chart: Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/AUD 4H Chart: Channel Down Comment: The general outlook on EUR/AUD is bearish, as the currency pair has recently formed a descending channel. The target is the lowest since Jun 28 level, namely 1.4320. In the short run, however, the Euro retains potential to appreciate while undergoing an upward correction. During the next several days the price could rise 100-150 pips, but the gains are to be limited by the falling resistance line at 1.4850. If this is not the case and the rate keeps

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