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analysis for today 2 / 23 / 2015
EURAUD
Resistance : R1 1.4575 R2 1.4600 R3 1.4620 R4 1.4650
Support : S1 1.4462 S2 1.4437 S3 1.4417 S4 1.4387
Open : 1.4525
High : 1.4537
Low : 1.4500
Range : 0.0037 Pips
Running Price : 1.4526
Strategy : SELL at the level 1.4526 stop loss at the level 1.4575 target take profit at the level 1.4417 or at the level 1.4387
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.4395; (P) 1.4493; (R1) 1.4604
4H
As noted before, the he structure of the fall from 1.4893 is having a corrective look and could be just a pull back. Hence, while deeper fall might be seen, we'd expect limited downside, which should be contained well above 1.3963. Meanwhile, above 1.4893 would extend the rise from 1.3963 towards 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
---------- Post added at 08:29 AM ---------- Previous post was at 08:18 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.
Price bounced upward momentum weak levels of 1.4418, which form in support of the price movement since the bottom on February 9, forming the base of the triangle to the downside amid a long-term trend of casual and weak Momentum in both directions, and the fluctuation of price levels around 1.454x
Break the 1.4418 level is the most potential for weakening of the euro in general, so it is beginning to look for opportunities to sell, the objectives of up to 1.4 levels.
Daily Forecast
Pair: EURAUD
Major Trend: Bearish
Time Frame: H1
Reason: There is strong support area at the daily pivot point at 1.4501. Henceforth, predicted to be heading to 1.4628, to retest the resistance
Recommendation: Buy
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analysis for today 2 / 24 / 2015
EURAUD
Resistance : R1 1.4602 R2 1.4627 R3 1.4647 R4 1.4677
Support : S1 1.4530 S2 1.4505 S3 1.4485 S4 1.4455
Open : 1.4531
High : 1.4605
Low : 1.4527
Range : 0.0078 Pips
Running Price : 1.4575
Strategy : BUY at the level 1.4575 stop loss at the level 1.4530 target take profit at the level 1.4647 or at the level 1.4677
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.4490; (P) 1.4526; (R1) 1.4559
4H
As noted before, the structure of the fall from 1.4893 is having a corrective look and could be just a pull back. Hence, while deeper fall might be seen, we'd expect limited downside, which should be contained well above 1.3963. Meanwhile, above 1.4893 would extend the rise from 1.3963 towards 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
---------- Post added at 10:18 AM ---------- Previous post was at 08:34 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.
---------- Post added at 10:19 AM ---------- Previous post was at 10:18 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.
I think that after breaking the support level at 1.4498, we can get in short position with take profit at 1.4391.
http://i.imgur.com/FQ8Guw2.png
EURAUD continued struggling between 200-day SMA and the 50% Fibonacci Retracement of its September - December 2014 up-move. However, descending trend-line, connecting December highs to February highs, signals continuation of pair's decline. On the downside, a break of 200-day SMA, 1.4485, is immediately followed by the 61.8% Fibo level of 1.4385, breaking which the 1.4220 and the 1.4150, encompassing 76.4% Fibo, are likely important support levels for the pair. On the pair break of 1.4150, the pair could further plunge to 1.4035 horizontal support. Should the pair rallies from the current level and break the descending trend-line resistance, near 1.4700, it can immediately test 38.2% Fibo, near 1.4745, before rallying to 1.4860, 1.4900 and 1.4970 mark that restricts the medium-term up-move of the pair.
analysis for today 2 / 25 / 2015
EURAUD
Resistance : R1 1.4465 R2 1.4490 R3 1.4510 R4 1.4540
Support : S1 1.4426 S2 1.4401 S3 1.4381 S4 1.4351
Open : 1.4486
High : 1.4501
Low : 1.4390
Range : 0.0111 Pips
Running Price : 1.4395
Strategy : SELL at the level 1.4395 stop loss at the level 1.4465 target take profit at the level 1.4381 or at the level 1.4351
Spoiler: