Gbp/Aud

Quote:

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Originally Posted by Gamabunta

there is a very strong resistance between the 1.8058 and 1.8048 levels. The price now is faceing this resistance and think that the price will change his direction there. We should get out of all the short positions and look for buy deals.
http://i.imgur.com/9soDubd.png

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The price have break this resistance and go down about 58 pips, but than it rise again to the 1.8186 level
now the price have face a strong reistance at 1.8181 and failed to break that's why it is going down again.
http://i.imgur.com/XtAELVK.png

http://prntscr.com/4ao02a
analysis for today 8 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPAUD on the date 8 / 7 / 2014
OPEN 1.8012
HIGH 1.8187
LOW 1.8007
CLOSED 1.8150

The third resistance (R3) 1.8187 -( 1.8115 - 1.8007 = 0.0108 x 2 = 0.0215 )= 1.8402
The second Resistance (R2) 1.8115 + 1.8187 - 1.8007 = 1.8295
First resistance (R1) 1.8115 x 2 = 3.6229 - 1.8007 = 1.8222
pivot points 1.8187 + 1.8007 + 1.8150 = 5.4344 / 3 = 1.8115
Support for the first (S1) 1.8115 x 2 = 3.6229 - 1.8187 = 1.8042
Support second (S2) 1.8115 -( 1.8187 - 1.8007 = 0.0180 ) = 1.7935
Third Support (S3) 1.8007 -( 1.8187 - 1.8115 = 0.0072 x 2 = 0.0145 )= 1.7862

http://prntscr.com/4aqamw
analysis for today 8 / 8 / 2014

GBP/AUD

Resistance : R1 1.8200 R2 1.8225 R3 1.8245 R4 1.8275
Support : S1 1.8110 S2 1.8085 S3 1.8065 S4 1.8035

Open : 1.8149
High : 1.8185
Low : 1.8125
Range : 60 Pips
Running Price : 1.8152

Strategy : BUY at the level 1.8152 stop loss at the level 1.8110 target take profit at the level 1.8245 or at the level 1.8275

http://prntscr.com/4asnlw
analysis for today 8 / 8 / 2014
GBP/AUD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8076
Retracement (50%) 1.8097
retracement (61,8%) 1.8118

Extensions (61.8%) 1.7896
Extensions (100.0%) 1.7827
Extensions (138.2%) 1.7758
Extensions (161.8%) 1.7716
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/4b1y3x
analysis for today 8 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPAUD on the date 8 / 8 / 2014
OPEN 1.8149
HIGH 1.8185
LOW 1.8069
CLOSED 1.8076

The third resistance (R3) 1.8185 -( 1.8110 - 1.8069 = 0.0041 x 2 = 0.0082 )= 1.8267
The second Resistance (R2) 1.8110 + 1.8185 - 1.8069 = 1.8226
First resistance (R1) 1.8110 x 2 = 3.6220 - 1.8069 = 1.8151
pivot points 1.8185 + 1.8069 + 1.8076 = 5.4330 / 3 = 1.8110
Support for the first (S1) 1.8110 x 2 = 3.6220 - 1.8185 = 1.8035
Support second (S2) 1.8110 -( 1.8185 - 1.8069 = 0.0116 ) = 1.7994
Third Support (S3) 1.8069 -( 1.8185 - 1.8110 = 0.0075 x 2 = 0.0150 )= 1.7919

http://prntscr.com/4bmgo2
analysis for today 8 / 11 / 2014

GBP/AUD

Resistance : R1 1.8140 R2 1.8165 R3 1.8185 R4 1.8215
Support : S1 1.8011 S2 1.7986 S3 1.7966 S4 1.7936

Open : 1.8085
High : 1.8086
Low : 1.8065
Range : 21 Pips
Running Price : 1.8070

Strategy : SELL at the level 1.8070 stop loss at the level 1.8140 target take profit at the level 1.7966 or at the level 1.7936

http://prntscr.com/4bruj6
analysis for today 8 / 11 / 2014
GBP/AUD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8113
Retracement (50%) 1.8127
retracement (61,8%) 1.8141

Extensions (61.8%) 1.7997
Extensions (100.0%) 1.7953
Extensions (138.2%) 1.7909
Extensions (161.8%) 1.7881
calculation based on a Fibonacci retracement then today I choose sell

I don't think that the pair can break the resistance at 1.8117that's why i think that we should look only for short positions.
We should wait till the the price break the green trendline than we open a sell deal.
http://i.imgur.com/6kKc96t.png

http://prntscr.com/4bymsq
analysis for today 8 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPAUD on the date 8 / 11 / 2014
OPEN 1.8085
HIGH 1.8124
LOW 1.8065
CLOSED 1.8118

The third resistance (R3) 1.8124 -( 1.8102 - 1.8065 = 0.0037 x 2 = 0.0075 )= 1.8199
The second Resistance (R2) 1.8102 + 1.8124 - 1.8065 = 1.8161
First resistance (R1) 1.8102 x 2 = 3.6205 - 1.8065 = 1.8140
pivot points 1.8124 + 1.8065 + 1.8118 = 5.4307 / 3 = 1.8102
Support for the first (S1) 1.8102 x 2 = 3.6205 - 1.8124 = 1.8081
Support second (S2) 1.8102 -( 1.8124 - 1.8065 = 0.0059 ) = 1.8043
Third Support (S3) 1.8065 -( 1.8124 - 1.8102 = 0.0022 x 2 = 0.0043 )= 1.8022

http://prntscr.com/4bzz6d
analysis for today 8 / 12 / 2014

GBP/AUD

Resistance : R1 1.8159 R2 1.8184 R3 1.8204 R4 1.8234
Support : S1 1.8061 S2 1.8036 S3 1.8016 S4 1.7986

Open : 1.8117
High : 1.8136
Low : 1.8084
Range : 52 Pips
Running Price : 1.8093

Strategy : SELL at the level 1.8093 stop loss at the level 1.8159 target take profit at the level 1.8016 or at the level 1.7986