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The euro has managed to put together a few positive trading days and over the next couple of days, we will see if this rally can continue. Tonight's chart is on the EUR/AUD reversal candlestickhas been formed at the weekly historical support level so, up movements till the pair has previously made multiple unsuccessful attempts to break below this level....
analysis for today 2 / 16 / 2015
EURAUD
Resistance : R1 1.4725 R2 1.4750 R3 1.4770 R4 1.4800
Support : S1 1.4617 S2 1.4592 S3 1.4572 S4 1.4542
Open : 1.4667
High : 1.4692
Low : 1.4650
Range : 0.0042 Pips
Running Price : 1.4672
Strategy : SELL at the level 1.4672 stop loss at the level 1.4725 target take profit at the level 1.4572 or at the level 1.4542
sir yaha par ham trader kici vi pairs par hi traded kar sekte hai lakin mujhe lagte hai ke forex trading ko karne ki liye ham jo bhi pairs ko use ku na kare investment se pahele forex market ki or pairs ki acche analysis karne ke bad hi karna chaiye .
Daily Forecast
Pair: EURAUD
Major Trend: Bearish
Time Frame: H1
Reason: There was a pattern converging on the stochastic indicator. Predicted the market would lead to 1.4757 to 1.4792, to this day.
Recommendation: Buy
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.4626; (P) 1.4704; (R1) 1.4749
4H
Intraday bias in EUR/AUD remains neutral for the moment. Break of 1.4893 will extend the rebound from 1.3963 and target 1.5331 resistance. On the downside, below 1.4419 will turn bias to the downside for 1.3963 support. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
I think that we should wait until the price break the support level at 1.4637, than we get in short position with take profit at 1.4489.
http://i.imgur.com/BK8uSsf.png
D1
In the bigger picture, price actions from 1.5831 are viewed as a corrective pattern to the up trend from 1.1602 medium term bottom. In case of deeper fall, strong support would likely be seen at 61.8% retracement of 1.1602 to 1.5831 at 1.3217 to bring resumption of rise from 1.1602 eventually.
Daily Forecast
Pair: EURAUD
Major Trend: Bearish
Time Frame: H1
Reason: Market has broken support at 1.4591, then the market will still be a correction in the price, before proceeding to 1.4526 as the third daily support.
Recommendation: Sell limit at 1.4588
analysis for today 2 / 17 / 2015
EURAUD
Resistance : R1 1.4612 R2 1.4637 R3 1.4657 R4 1.4687
Support : S1 1.4563 S2 1.4538 S3 1.4518 S4 1.4488
Open : 1.4612
High : 1.4638
Low : 1.4537
Range : 0.0101 Pips
Running Price : 1.4546
Strategy : SELL at the level 1.4546 stop loss at the level 1.4612 target take profit at the level 1.4518 or at the level 1.4488
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.4557; (P) 1.4621; (R1) 1.4662
4H
Intraday bias in EUR/AUD remains neutral for the moment. Break of 1.4893 will extend the rebound from 1.3963 and target 1.5331 resistance. On the downside, below 1.4419 will turn bias to the downside for 1.3963 support. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
---------- Post added at 12:43 PM ---------- Previous post was at 11:31 AM ----------
D1
In the bigger picture, price actions from 1.5831 are viewed as a corrective pattern to the up trend from 1.1602 medium term bottom. In case of deeper fall, strong support would likely be seen at 61.8% retracement of 1.1602 to 1.5831 at 1.3217 to bring resumption of rise from 1.1602 eventually.
Spoiler: