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http://prntscr.com/3rcfx3
analysis for today 6 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURAUD on the date 6 / 9 / 2014
OPEN 1.4615
HIGH 1.4624
LOW 1.4531
CLOSED 1.4533
The third resistance (R3) 1.4624 -( 1.4563 - 1.4531 = 0.0032 x 2 = 0.0063 )= 1.4687
The second Resistance (R2) 1.4563 + 1.4624 - 1.4531 = 1.4656
First resistance (R1) 1.4563 x 2 = 2.9125 - 1.4531 = 1.4594
pivot points 1.4624 + 1.4531 + 1.4533 = 4.3688 / 3 = 1.4563
Support for the first (S1) 1.4563 x 2 = 2.9125 - 1.4624 = 1.4501
Support second (S2) 1.4563 -( 1.4624 - 1.4531 = 0.0093 ) = 1.4470
Third Support (S3) 1.4531 -( 1.4624 - 1.4563 = 0.0061 x 2 = 0.0123 )= 1.4408
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http://s28.postimg.org/acj8axkt9/bieela_2014_06_10.jpg
This day in mid EURAUD has reached the level of S2: 1.4470, this may have been low enough to price today, and will most likely go up again to the level of correction or may be reached 1.4502 pivot.
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pair- eur/aud
chart analysis time frame- m30
http://i59.tinypic.com/r1xtlw.jpg
the price is continue in the down trend side. this is break the supporting trend line at 1.4522 level and moved to the daily support level two at 1.4469 level. the price may make correction then again down movement continue. hold the short entry with stop loss at 1.4400
good luck
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http://prntscr.com/3rhpoz
analysis for today 6 / 10 / 2014
EUR/AUD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4567
Retracement (50%) 1.4578
retracement (61,8%) 1.4588
Extensions (61.8%) 1.4474
Extensions (100.0%) 1.4438
Extensions (138.2%) 1.4402
Extensions (161.8%) 1.4381
calculation based on a Fibonacci retracement then today I choose sell
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http://s28.postimg.org/vggkyrrtp/bieela_2014_06_11.jpg
from the above picture seems clear that a very strong bearish trend for today EURAUD, EURAUD will likely continue to fall to 1.4416 or even numbers would be lower than 1.4376
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http://prntscr.com/3ro1jg
analysis for today 6 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURAUD on the date 6 / 10 / 2014
OPEN 1.4536
HIGH 1.4553
LOW 1.4445
CLOSED 1.4457
The third resistance (R3) 1.4553 -( 1.4485 - 1.4445 = 0.0040 x 2 = 0.0080 )= 1.4633
The second Resistance (R2) 1.4485 + 1.4553 - 1.4445 = 1.4593
First resistance (R1) 1.4485 x 2 = 2.8970 - 1.4445 = 1.4525
pivot points 1.4553 + 1.4445 + 1.4457 = 4.3455 / 3 = 1.4485
Support for the first (S1) 1.4485 x 2 = 2.8970 - 1.4553 = 1.4417
Support second (S2) 1.4485 -( 1.4553 - 1.4445 = 0.0108 ) = 1.4377
Third Support (S3) 1.4445 -( 1.4553 - 1.4485 = 0.0068 x 2 = 0.0136 )= 1.4309
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pair- eur/aud
chart analysis time frame- m30
http://i59.tinypic.com/2h5l4jm.jpg
the macd indicator is making double bottom pattern and moving to the zero level. the price is having resistance at the ma50 price 1.4450. if this resistance is break then up movement can expected. long at the 1.4460 with profit target at 1.4500
good luck
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http://prntscr.com/3rshl1
analysis for today 6 / 11 / 2014
EUR/AUD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4486
Retracement (50%) 1.4499
retracement (61,8%) 1.4512
Extensions (61.8%) 1.4378
Extensions (100.0%) 1.4337
Extensions (138.2%) 1.4296
Extensions (161.8%) 1.4270
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/3ro1jg
analysis for today 6 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURAUD on the date 6 / 11 / 2014
OPEN 1.4456
HIGH 1.4462
LOW 1.4400
CLOSED 1.4425
The third resistance (R3) 1.4462 -( 1.4429 - 1.4400 = 0.0029 x 2 = 0.0058 )= 1.4520
The second Resistance (R2) 1.4429 + 1.4462 - 1.4400 = 1.4491
First resistance (R1) 1.4429 x 2 = 2.8858 - 1.4400 = 1.4458
pivot points 1.4462 + 1.4400 + 1.4425 = 4.3287 / 3 = 1.4429
Support for the first (S1) 1.4429 x 2 = 2.8858 - 1.4462 = 1.4396
Support second (S2) 1.4429 -( 1.4462 - 1.4400 = 0.0062 ) = 1.4367
Third Support (S3) 1.4400 -( 1.4462 - 1.4429 = 0.0033 x 2 = 0.0066 )= 1.4334
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In the Asian session EURAUD has risen more than 40 pips, then the reversal of the price, and will most likely continue to fall to 1.4395 and can also reach the lowest level for the day is at 1.4328
http://s14.postimg.org/u6k5ccme9/bieela_2014_06_12.jpg