Today, Original help from 1. 0609
(May 27 low) accompanied by this
1. 0510 (May 26 low). Original
amount of resistance is from 1. 0758 (May
thirty-one high) accompanied by 1. 0877
(76. 4% retrace of 1. 1012-1. 0441).
Printable View
Today, Original help from 1. 0609
(May 27 low) accompanied by this
1. 0510 (May 26 low). Original
amount of resistance is from 1. 0758 (May
thirty-one high) accompanied by 1. 0877
(76. 4% retrace of 1. 1012-1. 0441).
From 01:53 29-Apr-2013 GMT
Till 05:53 29-Apr-2013 GMT
Sell
Sell at 1.0308
Take profit* at 1.0262
Stop loss at 1.0342
If aud can close and move higher than 1.0360's last week resistance, it will go higher to near 1.0470.
There's always long and short to be play, just try to get in a better position of a previous support/ resistance.
29 April 2013, Monday.
Analysis using resistance pivot support (daily).
The opening price of the day: 1.0281
S3: 1.0177
S2: 1.0219
S1: 1.0250
Pivot: 1.0292
R1: 1.0323
R2: 1.0365
R3: 1.0396
Signal: tends to rise / bullish
:)))
Pivot levels today:
R3: 1.0400
R2: 1.0368
R1: 1.0326
PP: 1.0294
S1: 1.0252
S2: 1.0220
S3: 1.0178
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 1.0400.
Pair : AUDUSD
Updated : Mon, April 29 14:27
Price : 1.0331
Movement : 53.3 Pips
Movement : 0.52%
Support : 1.0219
Pivot : 1.0292
Resistance : 1.0365
:):):)
if you look at market movements AUDUSD H4 timeframe, seems to be a reversal towards the 38.2% Fibonacci point up to 50%. if we observe carefully then there's more resistant facing at the point of the Fibonacci 38.2% despite a trendline break.
https://lh4.googleusercontent.com/-j...5BUNSET%5D.png
Intraday bias in AUD/USD remains neutral for the moment. With 1.0358 resistance intact, deeper decline is still expected. Initial bias is neutral this week and more consolidations could be seen. And break of 1.0220 will bring another decline to 1.0115 support. On the upside, above 1.0358 will turn bias back to the upside for stronger recovery to 1.0581 resistance instead.
In the bigger picture, price actions from 1.1079 high are treated as a consolidation pattern in the larger up trend, in form of a triangle. There is no clear sign of breakout yet. But in case of another fall, downside should be contained above 0.9588. Meanwhile, break of 1.0624 will be an early sign of up trend resumption and should bring retest of 1.1079 high next.
Aud/usd pivot levels by using fibonacci pivot indicator.
r3: 1.0369
r2: 1.0340
r1: 1.0322
pivot : 1.0293
s1: 1.0264
s2: 1.0246
s3: 1.0217
At the 4-hour chart formation was clearly converging triangle, now the pair came close to the upper border of 0335, especially considering hang up and start to reduce the area of 0290 (lower bound), the turning point for the purchase and above 0350.