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http://img850.imageshack.us/img850/5659/eurauda.png
I think we have to wait for this pair , it is moving up and will hit soon a strong downtrend line as shown in the Daily chart , we can't sell the pair now as i expect it to have more rise , but we can buy or short term or wait for the trend then sell pair as it is a strong trend , it will be very good chance to win if the pair hit the downtrend line
the pair is moving in up trend there in H4 chart , there is also a support level at 23.6% and this will cause the pair to continue upward till reach the resistance level at 0% and make retest , so i suggest buy now with target profit +40 pips upward .
Attachment 1059
http://img715.imageshack.us/img715/6894/euraud.png
After moving down because of facing the strong downtrend line shown in the chart , the pair is moving on a triangle and will hit its lower line - uptrend line - soon , i expect this pair to move down then will make retest on the uptrend line and move up again , sell with target below 1.2749 (50.0%) by around 10 pips , Good Luck
Since asian market opened ,this pair fall down until weekly pivot level then retrace up not far from dayly support 1 area.
Below trend analysis today with ma system:
ma 16 as short term trend indicator= consolidation
ma 96 as medium term trend indicator= down
ma 480 as long term trend indicator = up
So the trend is down weak medium term.
If we look chart in the picture above, ma 16 has crossed ma 96 &480 that indicated the price will continue down trend in medium term.But mreinstein indicator tf h4 don't confirm price will go down again because its signal in oversold area. If the price fall down again it might be in dayly s3 level at 1.2789.
EUR/AUD opening with up trend. After opening price bounch until weekly ressistance 1 level then retrace down back to opening level. Now price in dayly ressistance 1 level (1.2889).
If price move up strong it can touch 1.2942 as ressistance 2 level but before up it may wait until stochastic signal tf h1 or m30 in oversold area. Generaly trend is up strong with confirmated ma 16 crossed ma 96.
Mrenstein signal indicator now:
tf m15: 66.67
tf m30: 52.63
tf h1: 39.66
tf h4: 41.55
tf d1: 77.92
Because of stochastic signal in all tf going up, price may go up until dayly pivot level (1.2885). It confirmed again by movement of sma 480 that move up.
As shown on H4 chart , EURAUD has tested the up trend at 1.2785 and couldn't close below so i expect the pair to continue up again in next few hours and so i suggest making buy now ,
Attachment 1132
In H1 pair of the price is below the Ichimoku Kumo Cloud and EMA 200. The main trend is downtrend. But the Kumo Cloud is flat. So, I think the price will increase slightly to the Kumo Cloud and then it will decrease strongly.
http://s16.postimage.org/tq200n7h1/image.jpg
1. Trend analysis today with sma system:
sma 16 as short term trend indicator = down
sma 96 as medium term trend indicator = down
sma 480 as long term trend indicator = down
So the trend is down strong.
2. Pivot,ressistance and support level this day:
p: 1.2832
r1: 1.2873
r2: 1.2931
r3: 1.2972
s1: 1.2774
s2: 1.2734
s3: 1.2675
eur /aud ka trend mauja boht zada upper ke trafe lagta ha es laya agr ap na eur aud ko used karna ha to ap ko es main boht sare ahata karne para ge us ka bad ap es pair par trading kar sakta hoo es lya main ap ko pehala sa he batana chta hooon k trading main boht sara profit ha.Quote:
Originally Posted by Anytime
Spoiler: