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1. Trend analysis today with sma system:
sma 16 as short term trend indicator = down
sma 96 as medium term trend indicator = down
sma 480 as long term trend indicator = down
So the trend is down strong.
2. Pivot,ressistance and support level this day:
p: 1.0040
r1: 1.0063
r2: 1.0107
r3: 1.0130
s1: 0.9996
s2: 0.9973
s3: 0.9929
Aussie maintained the strong bearish tone, currently trading below parity, an upside pullback looks probable now supported by the bullish divergence seen on RSI, for a possible retest of 1.0020-1.0040 resistance. However, the overall bearish trend remains intact
http://i49.tinypic.com/5ej2mp.gif
Recommendation : Based on the charts and explanations we recommend, selling the pair around 1.0025 targeting 0.9970 and 0.9900. Stop loss above 1.0110.
Mrenstein signal indicator now:
tf m15: 68.18
tf m30: 76.67
tf h1: 89.05
tf h4: 52.43
tf d1: 8.62
After briefly touching a weekly support point in asia last session, the pair immediately jumped up and was now stuck in a resistant area daily. Estimated before the break through a resistance point daily, the price will be down briefly as confirmation of the movement influenced the stochastic signal tf M15, M30 and H1 in the overbought area.
Let's have a look at H1 chart of the pair. There is a Divergence on MACD indicator. This is a reversal signal. The price is testing the Kumo Cloud Resistance. I think it will decrease slightly and then it will increase strongly.
http://s13.postimage.org/62df4np6v/image.jpg
T he pair remains under pressure, while the bullish divergence on RSI over the four-hour time frame is still intact, however it`s normal to see such type of divergence in strong trending markets, therefore we won’t count on it unless we witness further confirmations for a short term upside reversal. Thus, we still hold onto our bearish expectations for the pair, so long as 1.0130 level remains intact.
http://i46.tinypic.com/34pykoj.jpg
Recommendation : Based on the charts and explanations we recommend, selling the pair around 1.0030 targeting 0.9970 and 0.9900. Stop loss above 1.0130.
From Daily chart shown , the pair is moving in down trend from MAR 2012 , and if continue breaking the support level at 0.9950 and close below it , i think we will have more down direction in next days for AUD,
Attachment 1133
In H1 chart of the pair, the price had a long decrease time. But there is a Divergence on MACD Indicator. This is a reversal signal. So, I think the pair will make a reverse and increase strongly.
http://s9.postimage.org/lsjpf4esv/image.jpg
1. Trend analysis today with hma system:
hma 32 as short term trend indicator = down
hma 192 as medium term trend indicator = down
hma 860 as long term trend indicator = down
So the trend is down strong.
2. Pivot,ressistance and support level this day:
p: 0.9957
r1: 0.9992
r2: 1.0050
r3: 1.0085
s1: 0.9899
s2: 0.9864
s3: 0.9864
The pair resumed the expected decline after a minor upside pullback; to surpass the previous low near 0.9940. The downside bias continues to be strong, where pullbacks are short lived and limited. The overall bearish outlook remains intact for the pair, where 0.9950 and 1.0015-1.0030 should limit any rallies within the upcoming period for this strong bearish bias to remain evident.
http://i47.tinypic.com/2eyb1ie.gif
Recommendation : Based on the charts and explanations above, we recommend selling the pair around 0.9960 targeting 0.9900 and 0.9850.stop loss above 1.0030.
australian dollar continues moving downwareds the bears are supported by the H4 super trends line the price is just one level away from the target level the 0/8 one the pair may reach it within the next several days
http://www14.0zz0.com/2012/05/16/14/439579797.png
Spoiler: