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Weekly technical analysis for EURAUD
EURAUD may meet resistance in 1.4629 - 1.4648 zone for a drift down to 1.4546 zone, after which bounce to 1.4731 is anticipated.
Key Point 1.4515
Entry Point 1.4610
Trendline 1 1.4799
Trendline 2 1.4504
Support 1 1.4546 Support 2 1.4463
Resistance 1 1.4731 Resistance 2 1.4833
Weekly analysis for EURAUD 19-23 May 2014
EURAUD irregular flat correction down 1.4513, No Pivot Points have been reached.
Elliott 1.5023
Closing 1.4629
Ex-Low 1.4565
Ex-High 1.4750
Support 1 1.4547
Support 2 1.4463
Resistance 1 1.4732
Resistance 2 1.4834
On the pair EURAUD Today's analysis 5/18/2014 : with the direction of the price heading Up I'm going to consider 1.4611 as the strongest support level for now, only then I'm going to consider it a selling position unless it rebounded then I am gonna shift to buying instead. On the other hand I'm going to consider 1.4644 as the strongest Resistance level for now waiting for the price to break it to start buying, otherwise I'll shift to sell .
Attachment 10996
Forecasting of the EURAUD pair, the trend seems to be Up within the last day but there are 2 important points that should be considered the strong support at 1.4599 and the strong resistance at 1.4645 so for whom wants to buy they can do that at the support point and sell only at the resistance point. .
Attachment 11012
analysis for today 5 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURAUD on the date 5 / 16 / 2014
OPEN 1.4657
HIGH 1.4705
LOW 1.4622
CLOSED 1.4629
The third resistance (R3) 1.4705 -( 1.4652 - 1.4622 = 0.0030 x 2 = 0.0060 )= 1.4765
The second Resistance (R2) 1.4652 + 1.4705 - 1.4622 = 1.4735
First resistance (R1) 1.4652 x 2 = 2.9304 - 1.4622 = 1.4682
pivot points 1.4705 + 1.4622 + 1.4629 = 4.3956 / 3 = 1.4652
Support for the first (S1) 1.4652 x 2 = 2.9304 - 1.4705 = 1.4599
Support second (S2) 1.4652 -( 1.4705 - 1.4622 = 0.0083 ) = 1.4569
Third Support (S3) 1.4622 -( 1.4705 - 1.4652 = 0.0053 x 2 = 0.0106 )= 1.4516
Daily technical analysis for EURAUD 19/05/2014
EURAUD looks more likely that it would rise to 1.4682 - 1.4734 from 1.4623 or 1.4597. After which a downside move is expected.
Key Point 1.4598
Entry Point 1.4650
Trendline 1 1.4617
Trendline 2 1.4670
Support 1 1.4597 Support 2 1.4565
Resistance 1 1.4682 Resistance 2 1.4734
Daily analysis for EURAUD
EURAUD flat correction down 1.4565, close to daily pivot point 1.4650
Elliott 1.4702
Closing 1.4629
Ex-Low 1.4618
Ex-High 1.4702
Support 1 1.4598
Support 2 1.4566
Resistance 1 1.4683
Resistance 2 1.4735
analysis for today 5 / 19 / 2014
EUR/AUD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4654
Retracement (50%) 1.4664
retracement (61,8%) 1.4673
Extensions (61.8%) 1.4571
Extensions (100.0%) 1.4539
Extensions (138.2%) 1.4507
Extensions (161.8%) 1.4488
calculation based on a Fibonacci retracement then today I choose sell
Daily technical analysis for EURAUD 20/05/2014
EURAUD currently uptrend should end around 1.4698 - 1.4725 area. A correction down to below 1.4639 is expected. A rise above 1.4757 will abort the expected correction.
Key Point 1.4726
Entry Point 1.4671
Trendline 1 1.4644
Trendline 2 1.4644
Support 1 1.4639 Support 2 1.4586
Resistance 1 1.4725 Resistance 2 1.4757
This is my best pair to trading
so i will put analysis here
daily
EUR AUD:
It should try higher up to 1.4065 - 1.4111. Entry point 1.4019 or 1.3989. After this rise, a correction is expected.