Printable View
No change in EUR/AUD's outlook. At this point, we'd still expect strong support from 1.2328 to contain downside to finish the correction from 1.2823 and bring rebound. Above 1.2534 will turn bias back to the upside for 1.2728/2823 resistance zone. However, break of 1.2328 will invalidate out view and bring deeper pull back to 61.8% retracement of 1.1602 to 1.2823 at 1.2068.
eur/aud technical analysis by using : average directional movement index
adx : 28.4484
+di : 6.9351
-di : 15.0973
timeframe : 1 hour
time : 1900
date : 05.11.2012
on the daily chart has started to decline quite a pair .. now prices were very important support level of 1.2340 ... and now it seems now there is a trend decline of the euro throughout the market ... but if you break the 1.2340, the fall can be a very personal .. .
Elliott: extended impulse wave down 1.2280
It may meet resistance in 1.2345 - 1.2361 zone for a drift down to 1.2313 zone, after which bounce to 1.2393 is anticipated.
Warning: End of trend - Imminent end of bearish move
Technical points
Key point 1.2317
Entry point 1.2350
Elliott 1.2534
Closing 1.2345
Projection 1.2280
Trendline 1.2391
Trendline 1.2358
Supports / Resistances
Res 2 1.2441
Ex-High 1.2408
Res 1 1.2393
Pivot 1.2361
Sup 1 1.2313
Ex-Low 1.2329
Sup 2 1.2281
Guys,This downward impulse also broke through strong support at 1.3300 (the pair has previously made multiple unsuccessful attempts to break below this level).The euro has managed to put together a few positive trading days and over the next couple of days, we will see if this rally can continue. Tonight's chart is on the EUR/AUD. The four hour chart shows a double bottom that helped the EUR/AUD rally since retesting the lows of the 1.2900 area.
yes recently pair EUR / AUD is very early to go down ... now if you look at the daily chart is at about 1.2240 is support .. but judging by the short-term spark something small believe that we will stop and hang up .... so that the only possibility is to try to find an entry point into a short position ..
EUR/AUD get high pressure today. Price down until touch weekly support 2 level 1.2267. This condition make price get a new lowest level. But price shown trying to up now. I think price will go down again following downward trend.
Over the last couple of days has shown a very strong reduction, the rate broke through a number of very strong support levels, now loomed above the level of 2288 until a couple of which are not allowed, I would expect from her resume decline, buying the same (in order to catch the correction) will do just about the breakthrough in 2288 .
Risk Aversion Sends Euro Beyond the 2-Month Low ... 03:30, AUD Reserve Bank of Australia Rate Decision (NOV 6), 3.25%, 3.00%. Nov 6 ... Today, the dollar has followed through with a USDollar Index move above its 200-day moving average. ... As such, I am keeping the position size (overall risk) smaller.
Most of the day inside the pair traded sideways channel 2285 - 2258, it is necessary to wait for the breakthrough of the boundaries of any given channel, it will be a signal or a continuing decline (on a break in 2258) or the start of the northern correction (which is more likely after such a strong decline).