Eur/Aud

Eur/aud analysis for 03.12.2013 by using pivot indicator.

r3: 1.2798
r2: 1.2768
r1: 1.2731

pivot: 1.2701

s1: 1.2664
s2: 1.2634
s3: 1.2597

in the H4 time fram the price is break the strong support at 1.2675 and now moving the down side. the price is now oversold with stoch and cci indicator. so it may be make some retracement. we can short this pair with the target next support at 1.2590

Eur/aud technical analysis by using moving averages.

date : 03.13.2013

time : 03:15 GMT

time frame : 15 min

sma200 : 1.2669 signal- sell.
sma100 : 1.2638 signal- buy.

Eur/aud analysis for 03.13.2013 by using pivot indicator.

r3: 1.2776
r2: 1.2739
r1: 1.2685

pivot: 1.2648

s1: 1.2594
s2: 1.2557
s3: 1.2503

In the M30 time frame the price is hold at the support 1.2610 and upper side the price is having resistance 1.2645. it is moving in a channel pattern but now it is going to oversold. we can long this pair with the stop loss at 1.2600 and target 1.2635

Today spurt down was basically expected, as the pair fell for a long time and draws all below the support 1.2660 ... now try the following and now I think that the incidence can be much more aggressive and goals for this decline is about 1.2400-1.2370.

Eur/aud technical analysis by using moving averages.

date : 03.14.2013

time : 03:45 GMT

time frame : 15 min

sma200 : 1.2614 signal- sell.
sma100 : 1.2590 signal- sell.

I think euro australian dollar pair has been falling exceptionally sharply for a period of over two and a half years! This weakness is the result of the debt crisis in Europe and the excellent state of the Australian economy as well as high interest rate differences that have been increasing over the past few years in favor of Australia.
:D

Pair : EURAUD
Updated : Thu, Mar 14 11:25
Price : 1.2487
Movement : -97 Pips
Movement : -0.77%

Support : 1.2491
Pivot : 1.2594
Resistance : 1.2698

Pivot levels
R3: 1.2743
R2: 1.2697
R1: 1.2640
PP: 1.2594
S1: 1.2537
S2: 1.2490
S3: 1.2433
Comment: The trend is still downword
Preferenece: take short position @ 1.2537, targets @ 1.2450 and 1.2385, stop loss @ 1.2594
Alternate scenario: by breaking the level 1.2594, take long position above it, targets @ 1.2668