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Daily Forecast
Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: Market straight down without touching the daily pivot at 1.4525. For now, the market has been rejected in the third daily support at 1.4376, the next target will be to 1.4525, perhaps even directly retest the resistance at 1.4617
Recommendation: Buy
I think that in the case of breaking the support level at 1.4395 with a daily candle, then we can get in short position with take profit at 1.4232.
http://i.imgur.com/jJ0RPF9.png
Daily Forecast
Pair: EURAUD
Major Trend: Bearish
Time Frame: H1
Reason: Market reject in the first daily resistance at 1.4477. For now, the market is under the pivot point, the likelihood will be headed 161.8 Fibo at 1.4344
Recommendation: Sell limit at 1.4426
pair- eur/aud
time frame to analysis- m15
http://i61.tinypic.com/2viq9me.jpg
the price is moved to the daily support at 1.4351 level and making doji pattern. it may be again in the up trend side. if this is break the resistance at 1.4385 level long with profit target at 1.4430 level and stop loss at 1.4325
good luck
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.4346; (P) 1.4420; (R1) 1.4479
4H
We maintained the view that the choppy decline from 1.4893 is merely a corrective pull back. Thus, 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 07:01 PM ---------- Previous post was at 06:33 PM ----------
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.
With regard to trades that day will be watching the price movement among level (1.4351) and level (1.4394) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.4364) In the case of increased sales to close four hours without this level, the downward trend will continue, on the other hand, in the case of the purchases, the nearest level can be tested is (1.4497)
I think that this is a good opportunity to get in long position from the 61.8 level of fibonacci ratios at 1.4329 with take profit at 1.4621.
http://i.imgur.com/NiT4rti.png
EUR/AUD Weekly Outlook
EUR/AUD's choppy decline from 1.4893 extended lower last week and further fall might be seen. But again, such fall is viewed as a corrective pull back. We'd expect strong support above 1.3963 to contain downside and bring another rally. Above 1.4498 minor resistance will turn bias to the upside for 1.4893 resistance first. Break will extend the rise from 1.3963 towards 1.5331 resistance.
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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 10:06 AM ---------- Previous post was at 09:50 AM ----------
W
In the longer term picture, the impulsive structure of the rise from 1.1602 bottom to 1.5831 suggests that it's just the first wave of either a three wave or a five wave sequence. That is, upon completion of the correction or consolidation from 1.5831, the rise from 1.1602 should resume. Based on current situation, 50% retracement of 2.1127 to 1.1602 at 1.6365 is the key to determine underlying long term momentum.
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