the pair and as we can see from the chart is trading now above the level of 1.3700 , so when ever the pair success in breaking 1.3700 , that's mean the down trend will be assured and the pair might head to 1.3670 and then 1.3640
Printable View
the pair and as we can see from the chart is trading now above the level of 1.3700 , so when ever the pair success in breaking 1.3700 , that's mean the down trend will be assured and the pair might head to 1.3670 and then 1.3640
Analysis of EUR/AUD
Trend is Buy
Resistance Level 1: 1.6254
Resistance Level 2: 1.6268
Resistance Level 3: 1.6282
Pivot Point: 1.6239
Supporting Level 1: 1.6224
Supporting Level 2: 1.6210
Supporting Level 3: 1.6194
EURAUD Bullish reverse started
up performing about 29 pip from prev close on this pair, could be started the bull to leave the low area
Prev Close: 1.2609
Open: 1.2626
Day's Range: 1.2621 - 1.2648
52wk Range: 1.1603 - 1.3034
Next target possible to hit area 1.2679, beside that if area 1.2615 break downside, possible to start bear to area 1.2555
The strength of the support at 1.3000, coupled with the clear-cut bullish divergence on the daily Stochastic and Momentum studies, helped accelerate the upward reversal which led to the recent Breakout through the upper resistance trendline of this chart pattern. The pair is expected to continue rising toward the Forecast Area set between price levels 1.3384 and 1.3603.
this is my analysis for EURAUD
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakout of the resistance level at 1.6069 and the pair will continue to go up to the next resistance level at 1.6091 in my personal view this pair will be continue bullish trend, for intraday trading today
I advice to entry BUY Order at the level 1.6060 stop loss at the level 1.6105 and target take profit at the level 1.6025
if market movement as my scenario, you can earn good profit and avoid much loss in your trading keep trade with discipline and patience . remember..always trade in the direction of the current trend, because trend always your friend.
never i did not trade this fair but how much profitabe i dont know but we have to practice in demo if we dont trade this fair
and i have ti find out what kinds of mistake can i create i have to see then i will try best to do this fair.
Technical analysis of eur/aud
Today strong bullish trend
Pivot Point. 1.6239
current Price. 1.6146
Resistance level
R1. 1.6160
R2. 1.6200
R3. 1.6240
Supporting level
S1. 1.6130
S2. 1.6110
S3. 1.6100
according to EURAUD technical analysis , I predict this pair have BEARISH TREND. the price is break the Support trend line and it is Falling Down with having the Short signal from the parabolic SAR. the market trend could remain in this position and I expected support resistance levels
Resistance1 # ----- # 1.6175
Resistance2 # ----- # 1.6197
Resistance3 # ----- # 1.6170
Support 1 # ----- # 1.6130
Support 2 # ----- # 1.6111
Support 3 # ----- # 1.6168
I suggest to take SHORT position at --- 1.6153
target take profit at --- 1.6105
target stop loss at --- 1.6191
money management is very effective for getting profits with stop loss and take profits method with current trading position. Best of luck ..
It is unclear whether or not the corrective advance is complete. Additional strength would face resistance from 13480 (former support and 20 day average), 13580 (50% retracement) and 13660 (61.8% retracement). Uncertainty is high at this juncture and it is best to wait for a clearer signal" said Jamie Saettele, Senior Currency Strategist at DailyFX.
my analysis of the trading pair : Eur/Aud
pivot point is:1.6239
Parabolic is:sell
Moving average is:sell
So Resistance and Supporting Level is,,,,
Resistance Level is:
1,Resistance is:1.6155
2,Resistance is:1.6167
3,Resistance is:1.6179
Supporting Level is:
1,Supporting is:1.6132
2,Supporting is:1.6119
3,Supporting is:1.6105
if you like my this analysis so give me thanks on my this post ,,,