Forecast by Marius Ghisea – EUR/AUD (September 27-30)

The EUR/AUD currency pair is into a downtrend, according to the daily chart.The price is below 50 EMA (1.4783) at this moment and this indicates that this currency pair will continue to fall. The MACD also confirms the downtrend in the medium long term.

eurauddaily-page-001

According to the MACD on the 8 hour chart, the EUR/AUD currency is still into a downtrend in the medium term. The price is still below 200 EMA (1.4811).

euraud8h-page-001

 

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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