Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

EUR/AUD Signal - Feb. 5, 2013

By Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

By: DailyForex.com

Currency: EUR/AUD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: The EUR/AUD pair has managed to climb above the Ichimoku Cloud on the weekly chart indicating that the bulls are firmly in control. Pattern on the 4-hour chart suggests the recent retracement is over and the pair is ready to resume its up trend.
Recommendation: Long
Target Area: 1.3150
Stop-Loss: 1.2900

Final Update as of February 7, 2013: ***I am closing the remaining ½ at 1.3139.

Signal Update as of February 6, 2013: **Please close ½ at 1.3109 (we are going to wait 1.3150 for the rest) and move stop-loss to the 1.3040 level in order to protect the pips we have.

EUR/AUD Signal - February 5, 2013

Alp Kocak
About Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.
 

Most Visited Forex Broker Reviews