SubscribeThe next scenario would certainly be either a breakout to the upside or to the downside. Speculators should take the advantage of the next powerful move without losing their head.
Thread: Eur/Aud
The next scenario would certainly be either a breakout to the upside or to the downside. Speculators should take the advantage of the next powerful move without losing their head.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Spoiler:
Daily Forecast
Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: Market has a second break resistance at 1.3962, the fund would be a correction before heading to 1.4071
Recommendation: Buy limit at 1.3962
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we can notice from the chart that the pair has closed it's daily candle under 1.3914 , that's mean the down trend is expected and the pair might head to 1.3814 then 1.3780 , however the pair made a hourly correction
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March 25, 2015 update:
The price of the pair moves starting wave (1.4011) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.3924) and (1.3932 It is worth mentioning that the current wave goal access to the area (1.3776) and with respect to trades that day will be watching the movement Price among level (1.3855) and level (1.3894) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.3836) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.3953) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.3816) - the second support (1.3767) - First resistance (1.3933) - second resistance (1.4002).
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Daily Forecast
Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: RSI could not break the line 50. And the market has been rejected at the pivot point. Chances market will lead to 1.3894, for long-term predictions.
Recommendation: Buy
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pair- eur/aud
time frame to analysis- m15
the price is making double top chart pattern having resistance 1.3955 level and moving down side. the down movement of the price has been break the support of moving average 50 at 1.3900 level. hold the short entry with take profit at 1.3850
good luck
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March 24, 2015 update:
The price of the pair moves starting wave (1.4011) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.3917) and (1.3964 It is worth mentioning that the current wave goal access to the area (1.3776) and with respect to trades that day will be watching the movement Price among level (1.3898) and level (1.3916) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.3820) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.3964) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.3822) - the second support (1.3749) - First resistance (1.3966) - second resistance (1.4037).
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Daily Forecast
Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: There is resistance at 1.3892 which has not been corrected, after the new predicted market can continue the bullish again. The target is still at 1.3991
Recommendation: Sell with a target of 1.3892, or Buy the limit there.
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If we look the current candle on H4 time frame, we can see that EURAUD is trying to reach and break the support level at 1.3884. Then, if EURAUD can break this support level successfully, I think it will open an opportunity for EURAUD to fall deeper and has a potential to reach the next support level at around 1.3684.
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EUR\AUD
We have nice trangle on 4 hour time frame and i think we can buy this pair our target should be around 1.4060 - 1.4110
and our stop lose under 1.3980
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