Eur/Aud

eur/aud m30 market analysis by adx

adx : 24.6677
+di : 11.1908
-di : 17.2171
date : 31.12.12

hi guys i am ilyas from www.4everfx.com, euraud is bearrish

i am always loving the trend with this pairs so much that every i get in to the market that is what i first trade in the market that way i will keep on trading.

Given the fact that the pair is in an uptrend is what formed on the hourly chart is very attractive for shopping, the price touched the level of support and immediately began to fight back to the north .... so I think that a very good signal that buyers are still there, and most likely chase price of the top ...:):good:

Today(2-1-13 ) pivot point are-

Resistance 3- 1.2807
Resistance 2- 1.2780
Resistance 1- 1.2730

Pivot point- 1.2703

Support 1- 1.2653
Support 2- 1.2626
Support 3- 1.2576

Spoiler:

http://sadpanda.us/images/1330147-XMW3RP8.png

On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 1.2295
SL: 1.2598

Over the last couple of weeks went by reducing ... show direction and now we need to find only the entry point for sales ... in my opinion it may be the resistance levels 1.2520 or above 1.2570 .... 1.2570 sales will no longer be considered .. .

The EURAUD on still look sideways near thatabove that Low fib (1.2438). I see, make plan to search buy OP with use max. SL bellow the 1.2438 . better idea then.

Today(7-1-13 ) pivot point are-

Resistance 3- 1.2577
Resistance 2- 1.2551
Resistance 1- 1.2515

Pivot point- 1.2489

Support 1- 1.2453
Support 2- 1.2427
Support 3- 1.2391

Trend on sideways above the Low Fib (1.2438). Just wait and see. Then of course, I see the nice more bearish continuation here if then seller can break down again to more down Low Fib 1.2438. If that happen .search for sell again here is good idea then. Just it.