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the pair is in up trend in h1 time frame. this has been break the resistance level at 1.3075 and now it is try to move the strong resistance. the price 1.3195 is may be not able to break. at the time stoch and cci are also over bought area. so we can see down movement. short at 1.3210 and target is 1.3075 stop loss is 1.3260
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 1.3320
Stop Loss :1.2964
EURAUD This pair is trading at 1.31 10/12 (0.29%), the exponential moving average period 5 is at 1.3115 giving the indication of a Buy situation. The exponential moving average period 20 is at 1.3113 telling us that it is a Buy signal. The ADX is indicating that the trend is Neutral. The main pivot point is at 1.3021. Price has been trading between High 1.3155 Low 1.3057.
i have recommended EURAuD pair long @ 1.2760 and traget arround 1.3260 looks to me 90% target achieve and now again planning to long this pair @ 1.2860 and will target 1.3340 with stop loss of 1.2780
Eur/aud analysis by using : moving averages.
date : 02.07.2013
time frame : 15 min
ema5 : 1.3115 signal-buy.
ema10:1.3114 signal-buy.
ema20:1.3113 signal-buy.
time : 05:00 GMT
eur/aud
the pair is have a resistance 1.3162 in the h1 time frame. the price is not break this resistance last time so may be this time also we can see down movement. we must short this pair with breaking the support at 1.3100
Couple is not able to hold the mark 3095 and after a long course of consolidation still broke through this level then the resulting wave pulse southern markedly also the formation of topping formation "double top" and the southern MASD shows signals and double divergence, now we need to look for a good entry point for sale, target 2860.
H1
Price is below 1.3044 Pivot mark today tend to fall .. but the RSI is not yet overbought. imagination will be forming a bullish harmonic pattern if it goes down. There is no limit potential reversal zone (PRZ). Will go down later formed a bullish harmonic??
Eur/aud analysis for 02.08.2013 by using : pivot indicator.
r3: 1.3344
r2: 1.3257
r1: 1.3147
pivot : 1.3060
s1: 1.2950
s2: 1.2863
s3: 1.2753
Spoiler: