Eur/Aud

Eur/aud technical analysis for 17.10.2012 by using : Auto pivot indicator.

resistance 3:1.2828
resistance 2:1.2770
resistance 1:1.2737

pivot point :1.2679

support 1:1.2646
support 2:1.2588
support 3:1.2555

EURAUD almost touched the resistance level at 1.2740. I think this pair will try to test that resistance level again today. Then, if that happens and EURAUD can break 1.2740 resistance level successfully, EURAUD may goes up to the higher resistance level at 1.2803 today. But if fail to break, this pair may falls to the support level at 1.2672 support level

eur/aud technical analysis by using : average directional movement index

adx : 27.1589
+di : 15.0948
-di : 9.5223
timeframe : 1 hour

time : 1000
date : 17.10.2012

On EUR / AUD continues to go very good trend in the North ... penetration resistance becomes support .. and here's another level of din 1.2690 where it left off steam, but is still expected to continue northward movement ... but with a possible pullback to the trend line ..

Sell EURAUD at 1.2690 SL 1.2730 TP 1.2650

The pair can be seen unconfirmed uplink rate today worked retreat from its upper border, is now waiting for the approach to the bottom of the channel to buy on release, or will buy in the strengthening of 200 sliding.

Eur/aud technical analysis for 18.10.2012 by using : Auto pivot indicator.

resistance 3:1.2802
resistance 2:1.2767
resistance 1:1.2701

pivot point :1.2666

support 1:1.2600
support 2:1.2565
support 3:1.2499

Elliott: flat correction down 1.2564
It looks more likely that it would rise to 1.2701 - 1.2766 from 1.2633 or 1.2601. After which a downside move is expected.
Technical points
Key point 1.2589
Entry point 1.2660
Elliott 1.2732
Closing 1.2635
Projection 1.2593
Trendline 1.2656
Trendline 1.2662
Supports / Resistances
Res 2 1.2766
Ex-High 1.2732
Res 1 1.2701
Pivot 1.2666
Sup 1 1.2601
Ex-Low 1.2631
Sup 2 1.2566

The euro strengthened to monthly highs in each of its pair amid rumors that Spain was prepared to file a formal request for financial assistance, thus, protecting the euro area of the further spread of the debt crisis. The news of confirming the long-term sovereign rating of Spain at «Baa3» by the international rating agency Moody's even more ensured investors for taking long positions on the single currency. Today’s positive was supported by the fact that the yield on 10 -year bonds in Spain fell by 29 basis points to a level of 5.51%, the lowest level since April 4, while the yield on 10- year Italian bonds reached the lowest level since March 19. The EUR / USD pair rocketed to a $ 1.3128 level, updating the monthly high.

Pair could overcome the strong support of 3630 + -, but significantly below the rate is not allowed, formed a double bottom (30 minute chart) and MASD shows a buy signal if the rate goes up again, you can buy 3640 with the objectives of 2725 + -.