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pair- gbp/aud
chart analysis time frame- m15
http://i58.tinypic.com/fmhrg3.jpg
the price has been break its strong resistance at the 1.7998 level with holding at the support 1.7969 level. the macd indicator is also giving us long trend signal the price may continue up side. long with the take profit at 1.8050 and stop loss below the 1.7965
good luck.
analysis for today 5 / 19 / 2014
GBP/AUD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.7964
Retracement (50%) 1.7957
retracement (61,8%) 1.7949
Extensions (61.8%) 1.8031
Extensions (100.0%) 1.8057
Extensions (138.2%) 1.8083
Extensions (161.8%) 1.8098
calculation based on a Fibonacci retracement then today I choose buy
Daily technical analysis for GBPAUD 20/05/2014
GBPAUD uptrend is still intact in a triangle configuration. It should continue to rally to 1.8053 or 1.8056 if support around 1.8002 hold. After which a pullback to 1.8002 - 1.7984 zone is possible.
Key Point 1.8051
Entry Point 1.8008
Trendline 1 1.7973
Trendline 2 1.8001
Support 1 1.7966 Support 2 1.7912
Resistance 1 1.8056 Resistance 2 1.8091
In my view, GBPAUD is going up now and I think this pair is also trying to reach the resistance level at 1.7912. Then, if GBPAUD can break that resistance, it can make GBPAUD goes up higher and has a big possibility to reach the next resistance level at around 1.8014
analysis for today 5 / 20 / 2014
GBP/AUD
Resistance : R1 1.8007 R2 1.8032 R3 1.8052 R4 1.8082
Support : S1 1.7956 S2 1.7931 S3 1.7911 S4 1.7881
Open : 1.7959
High : 1.8031
Low : 1.7932
Range : 99 Pips
Running Price : 1.8016
Strategy : SELL at the level 1.8016 stop loss at the level 1.8007 target take profit at the level 1.7911 or at the level 1.7881
Daily analysis for GBPAUD
GBPAUD irregular flat correction up 1.8134, much higher, testing second daily resistance 1.8091
Elliott 1.7832
Closing 1.8021
Ex-Low 1.7947
Ex-High 1.8037
Support 1 1.7967
Support 2 1.7913
Resistance 1 1.8057
Resistance 2 1.8092
pair- gbp/aud
chart analysis time frame- m15
http://i59.tinypic.com/os8tbo.jpg
the price is moving above the daily resistance level third at the 1.8151 level and the stoch is showing overbought. the price is in strong up trend side but now it may make some correction and will falling to the 1.8100 level. hold the long position with the stop loss at 1.8080
good luck.
analysis for today 5 / 20 / 2014
GBP/AUD
Resistance 3 1.8062
Resistance 2 1.8032
Resistance 1 1.8012
Pivot Point 1.7959
Support 1 1.7951
Support 2 1.7931
Support 3 1.7901
BUY STOP 1.8012 STOP LOSS 1.7951 TAKE PROFIT 1.8032
SELL STOP 1.7951 STOP LOSS 1.8012 TAKE PROFIT 1.7931
Daily technical analysis for GBPAUD 21/05/2014
GBPAUD is still intact in a triangle configuration. It should continue to rally to 1.8320 or 1.8291 if support around 1.8151 hold. After which a pullback to 1.8151 - 1.8115 zone is possible.
Key Point 1.8319
Entry Point 1.8140
Trendline 1 1.8016
Trendline 2 1.8076
Support 1 1.8078 Support 2 1.7938
Resistance 1 1.8291 Resistance 2 1.8364
analysis for today 5 / 21 / 2014
GBP/AUD
Resistance : R1 1.8287 R2 1.8312 R3 1.8332 R4 1.8362
Support : S1 1.8188 S2 1.8163 S3 1.8143 S4 1.8113
Open : 1.8214
High : 1.8263
Low : 1.8212
Range : 51 Pips
Running Price : 1.8231
Strategy : BUY at the level 1.8231 stop loss at the level 1.8188 target take profit at the level 1.8332 or at the level 1.8362