Euro is stronger than other major currencies, so in this pair the bullish trend shown very strong till breakout resistance 1 @1.2327. We can expect downward move for correction and re-test previous broken resistance but don't put below target.
Thread: Eur/Aud
Euro is stronger than other major currencies, so in this pair the bullish trend shown very strong till breakout resistance 1 @1.2327. We can expect downward move for correction and re-test previous broken resistance but don't put below target.
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Over the last couple of days has grown in value, the course crossed sliding alligator who also signaled to change the medium-term trend (crossed to the north), now the pair approached the resistance 2356 - now you can try to catch a lot of the small southern correction, but I will make a purchase after normal corrective movement.
Elliott: correction zigzag 1.2347
Current rise seems to be over near 1.2282 or 1.2322 for a retracement towards 1.2242 - 1.2218 area.
Warning: Imminent end of bullish move
Technical points
Key point 1.2324
Entry point 1.2223
Elliott 1.2159
Closing 1.2275
Projection 1.2391
Trendline 1.2161
Trendline 1.2162
Supports / Resistances
Res 2 1.2370
Ex-High 1.2289
Res 1 1.2322
Pivot 1.2242
Sup 1 1.2194
Ex-Low 1.2161
Sup 2 1.2113
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Eur/aud technical analysis for 15.11.2012 by using : Auto pivot indicator.
resistance 3:1.2451
resistance 2:1.2371
resistance 1:1.2322
pivot point :1.2242
support 1:1.2193
support 2:1.2113
support 3:1.2064
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If we look on daily time frame, we can see that the previous candle is a solid bullish candle and also the outside bullish candle. So, I think the buyers are dominating in the market now. If EURAUD can break 1.2304 resistance level, this pair may continue going up to the next resistance level at 1.2373.Spoiler:
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While the growth of serious thinking too early to say, this northern movement - it is only logical that the northern correction after such a severe decline, the pair is trading below the 50% Fibo and now walked up to her, I think the movement to the south (on the main trend) will resume from 2230 or 2275 (200 sliding).
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eur/aud technical analysis by using : average directional movement index
adx : 29.7014
+di : 32.1935
-di : 7.0498
timeframe : 1 hour
time : 1400
date : 14-11-2012
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Elliott: resistance in an extended wave down 1.2243
Current fall is near an end of wave around 1.2151 zone, a rally should then procede to above 1.2206. Fall below 1.2128 would cancel this scenario.
Warning: End of trend - Imminent end of bearish move
Technical points
Key point 1.2162
Entry point 1.2168
Elliott 1.2534
Closing 1.2175
Projection 1.0949
Trendline 1.2200
Trendline 1.2174
Supports / Resistances
Res 2 1.2237
Ex-High 1.2214
Res 1 1.2206
Pivot 1.2183
Sup 1 1.2151
Ex-Low 1.2159
Sup 2 1.2128
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Eur/aud technical analysis for 14.11.2012 by using : Auto pivot indicator.
resistance 3:1.2263
resistance 2:1.2239
resistance 1:1.2207
pivot point :1.2183
support 1:1.2151
support 2:1.2127
support 3:1.2095
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Sell $EURAUD at 1.235 stop 1.238 targets 1.23 and 1.226
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