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Eur/aud just past 61.8 fibo of last swing in daily chart.Today this pair touched his trend line and move upwards around 80 pips.Nearest resistance is around 1.2530 and nearest resistance is around 1.2470.i think its better to go long take profits should be 1.2530 and 1.2560.
Today(8-1-13 ) pivot point are-
Resistance 3- 1.2641
Resistance 2- 1.2579
Resistance 1- 1.2540
Pivot point- 1.2478
Support 1- 1.2439
Support 2- 1.2377
Support 3- 1.2338
eur/aud technical analysis by using : adx
adx : 23.8572
+di : 32.6832
-di : 11.7988
timeframe : m30
Market shows high at 1.2533 and our take profit 1 hit.now close the half of the order change the sl to entry point and wait for the tp 2.Macd in 4h chart still in down and it is going to upside.lets see how bulls are going to play todayQuote:
Originally Posted by zirconium
Today(10-1-13 ) pivot point are-
Resistance 3- 1.2558
Resistance 2- 1.2517
Resistance 1- 1.2475
Pivot point- 1.2492
Support 1- 1.2392
Support 2- 1.2351
Support 3- 1.2309
On the hourly chart draws bearish channel, now the pair almost came close to its upper limits, the underlying trend continues to the south and there is a good chance rebound from this mark to the south and the resumption of the trend movement, with a full stop and the beginning of the consolidation will sell.
False breakdown, passengers said today couple euraud after rate broke through the medium sloping level (2412 + support on the daily chart is the 200 moving), the pair are not worked out a signal to the south and again with momentum jerked to the north and again trading above this line, the signal the purchase should be a breakthrough level of 2537.
Today(11-1-13 ) pivot point are-
Resistance 3- 1.2752
Resistance 2- 1.2642
Resistance 1- 1.2587
Pivot point- 1.2477
Support 1- 1.2422
Support 2- 1.2312
Support 3- 1.2257
This could be more to still bulls I see. Look, the strong bulls candle on this closed price this week was able can break up to more that 76.4 fibo at 1.2655. On my see if then price can move above the 76.4 fibo 1.2655 looking for new buy OP with SL bellow that 76.4 fibo 1.2655 is better action here then.
very good schedule for intra day trading .. channel is aimed at the top .. and the last day of the very strong growth ... the more there is still to go .. at least to 1.2830 .. so I think you need to look for this pair to short-term charts. .. (5-15 minutes) ... a couple of times gives a very good approaches ..