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Daily Forecast
Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: There is resistance at 1.3892 which has not been corrected, after the new predicted market can continue the bullish again. The target is still at 1.3991
Recommendation: Sell with a target of 1.3892, or Buy the limit there.
March 24, 2015 update:
The price of the pair moves starting wave (1.4011) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.3917) and (1.3964 It is worth mentioning that the current wave goal access to the area (1.3776) and with respect to trades that day will be watching the movement Price among level (1.3898) and level (1.3916) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.3820) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.3964) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.3822) - the second support (1.3749) - First resistance (1.3966) - second resistance (1.4037).
pair- eur/aud
time frame to analysis- m15
http://i59.tinypic.com/2vv5nq9.jpg
the price is making double top chart pattern having resistance 1.3955 level and moving down side. the down movement of the price has been break the support of moving average 50 at 1.3900 level. hold the short entry with take profit at 1.3850
good luck
Daily Forecast
Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: RSI could not break the line 50. And the market has been rejected at the pivot point. Chances market will lead to 1.3894, for long-term predictions.
Recommendation: Buy
March 25, 2015 update:
The price of the pair moves starting wave (1.4011) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.3924) and (1.3932 It is worth mentioning that the current wave goal access to the area (1.3776) and with respect to trades that day will be watching the movement Price among level (1.3855) and level (1.3894) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.3836) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.3953) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.3816) - the second support (1.3767) - First resistance (1.3933) - second resistance (1.4002).
we can notice from the chart that the pair has closed it's daily candle under 1.3914 , that's mean the down trend is expected and the pair might head to 1.3814 then 1.3780 , however the pair made a hourly correction
Daily Forecast
Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: Market has a second break resistance at 1.3962, the fund would be a correction before heading to 1.4071
Recommendation: Buy limit at 1.3962
The next scenario would certainly be either a breakout to the upside or to the downside. Speculators should take the advantage of the next powerful move without losing their head.
the eur aud is in in adown trend and after an accumulation ditribution phasis the price broke the rsistance at 1.3955 the main thecnical indicator stil bearish and the price may go to the next resistance at 1.4192 the daily pivot level is at 1.3948 the daily resistance level are at 1.4043 ,1.4097 ;1.4192 andthe daily support level are at 1.3894 , 1.3799 , 1.3745
March 26, 2015 update:
The price of the pair moves starting wave (1.3820) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.3884) and (1.3861 It is worth mentioning that the current wave goal access to the area (1.4130) and with respect to trades that day will be watching the movement Price among level (1.4033) and level (1.3931) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.3860) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.4000) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.3894) - the second support (1.3807) - First resistance (1.4034) - second resistance (1.4087).
Spoiler: