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pair- eur/aud
time frame to analysis- m15
http://i57.tinypic.com/30mvi1x.jpg
the price is falling down side from the resistance at 1.4100 level and moved to the lower support at 1.4030 level. the macd indicator is also below the zero level. so price will again to the lower support at 1.3980. short with stop loss at 1.4130
good luck
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.3936; (P) 1.4057; (R1) 1.4170
Intraday bias in EUR/AUD remains on the downside for the moment. Current fall from 1.5331 is viewed as the third leg of the corrective pattern from 1.5831. Deeper decline would be seen to 1.3792 first and then 50% retracement of 1.1602 to 1.5831 at 1.3717. On the upside, above 1.4243 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 1.4893 resistance holds.
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. Current development suggests that deeper correction is underway. But we'd expect strong support from 61.8% retracement of 1.1602 to 1.5831 at 1.3217, 100% projection of 1.5831 to 1.3792 from 1.5331 at 1.3292, to contain downside and bring resumption of rise from 1.1602 eventually.
the cross is under it s moving average 100 and 500 and the main thcnical indicator on the daily and weekly chart indicat that the downtred still on at the 4 hours time frame the price trade at the law side of the bollenger band a bounceto the 100 moving average at the 4 hours time frame indicate a good level to short from to the target 1.3808 where it found the support
pair- eur/aud
time frame to analysis- m15
http://i58.tinypic.com/2db00gy.jpg
the daily pivot point has been break at the 1.4081 level but price are making doji pattern. here it may again up side but if break the daily support at 1.4053 level then short with profit target at 1.4020 and stop loss at 1.4100
good luck
Daily Forecast
Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: There is a newly formed bullish pattern, the possibility of a market may exceed 1.4149, but for now the market will retest on 1.4039
Recommendation: Buy limit at 1.4039
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.4045; (P) 1.4074; (R1) 1.4115
With 1.4243 minor resistance intact, further fall is still expected in EUR/AUD. The decline from 1.5331 is viewed as the third leg of the corrective pattern from 1.5831and should target 1.3792 first and then 50% retracement of 1.1602 to 1.5831 at 1.3717. On the upside, above 1.4243 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 1.4893 resistance holds.
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. Current development suggests that deeper correction is underway. But we'd expect strong support from 61.8% retracement of 1.1602 to 1.5831 at 1.3217, 100% projection of 1.5831 to 1.3792 from 1.5331 at 1.3292, to contain downside and bring resumption of rise from 1.1602 eventually.
pair- eur/aud
time frame to analysis- m15
http://i57.tinypic.com/23m4ojm.jpg
the down movement of the price is break the daily support at 1.3937 level and falling to lower support at 1.3880 level. the price is now at correction side. hold the short entry with stop loss at 1.3980 and profit target 1.3830
good luck
EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.3979; (P) 1.4059; (R1) 1.4108
With 1.4243 minor resistance intact, further fall is still expected in EUR/AUD. The decline from 1.5331 is viewed as the third leg of the corrective pattern from 1.5831and should target 1.3792 first and then 50% retracement of 1.1602 to 1.5831 at 1.3717. On the upside, above 1.4243 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 1.4893 resistance holds.
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. Current development suggests that deeper correction is underway. But we'd expect strong support from 61.8% retracement of 1.1602 to 1.5831 at 1.3217, 100% projection of 1.5831 to 1.3792 from 1.5331 at 1.3292, to contain downside and bring resumption of rise from 1.1602 eventually.
Daily Forecast
Pair: EURAUD
Major Trend: Bearish
Time Frame: H1
Reason: Market may still be a correction in the daily pivot point at 1.3946, after which it will break support at 1.3867
Recommendation: Sell limit at 1.3946
EUR/AUD Tradertip Technical Report and Forecast for Thursday 12 March 2015
Market should not go lower than 1.3879 - 1.3813. After this move down it should go up to 1.3983 - 1.4022 area.
Spoiler: