Home Reports Forex Reports Evening Analysis Australian – Yen Crosses

Evening Analysis Australian – Yen Crosses


Will the strength of the euro continue against the Australian? Yes, this is very clear from the recent bullish wave movement but a correction should occur before completing the bullish move

We expect a correction before completing the bullish move but we do not recommend selling now prefer to look for a buy point after the correction is over

It is now possible to start correcting before resuming the upside move and is currently in the correction zones

Therefore, it is preferable to wait for the correction, but if you are sure of the drop, you can sell with a simple stop that does not affect the strike

  • Australian Half-hour CHART (EURAUD)

Australian euro
Australian euro

Euro vs. New Zealand Is the upside up? We expect the pair is still bullish but a bearish correction might occur before completion

Going up again so prefer to look for a better buy point for the next period to target the full five-wave

We expect a break to break the 1.7307 high for the coming period.

  • Half hour EURNZD Chart

Australian euro correction

What after the recent rally on the GBP? As we identified by the previous evening analysis, we expect more upside correction
But the correction may fall before completing the bullish move so prefer waiting for a good buy opportunity before entering the target to buy levels

The highest may reach the price of 1.8300 so it is preferable to look for a good buy point and end up breaking the last bottom

GBPAUD Half-hour chart


What will happen to the Pound against the New Zealand? Will the rally continue? Yes, this is expected, but since prices are the lowest half-hour peak

We may see the downside of the next correction period before completing the bullish move again so we would prefer to look for a good point to buy

We expect the pair to reach 1.9000 before resuming the decline again and this bullishness depends on the stability of the last bottom.

  • GBPNZD Half hour chart

movement correction wave

What after the strong drop on the GBP / JPY pair is this the last reversal is the start of the rally, the rise of this will not be identified now
We will be following the next period but since the price is above the last bottom at 128.10 the pair is going up to
Higher levels but lower this level may continue to drop to 126.00 levels

GBPJPY Half hour chart

movement wave
movement wave

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Marowa Al Tujjar
Marowa Al Tujjar
مديرة القسم الصحفي - كاتبة و محررة إقتصادية متخصصة بالعملات الرقمية

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