Eur/Aud

[ducd3vaizo]

Daily Forecast

Pair: EURAUD
Major Trend: Bearish
Time Frame: H1
Reason: Market may still be a correction in the daily pivot point at 1.3946, after which it will break support at 1.3867
Recommendation: Sell limit at 1.3946

[pritishahfx]

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.3979; (P) 1.4059; (R1) 1.4108

With 1.4243 minor resistance intact, further fall is still expected in EUR/AUD. The decline from 1.5331 is viewed as the third leg of the corrective pattern from 1.5831and should target 1.3792 first and then 50% retracement of 1.1602 to 1.5831 at 1.3717. On the upside, above 1.4243 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 1.4893 resistance holds.

In the bigger picture, price actions from 1.5831 are viewed as a corrective pattern to the up trend from 1.1602 medium term bottom. Current development suggests that deeper correction is underway. But we'd expect strong support from 61.8% retracement of 1.1602 to 1.5831 at 1.3217, 100% projection of 1.5831 to 1.3792 from 1.5331 at 1.3292, to contain downside and bring resumption of rise from 1.1602 eventually.

[ng1985]

pair- eur/aud
time frame to analysis- m15



the down movement of the price is break the daily support at 1.3937 level and falling to lower support at 1.3880 level. the price is now at correction side. hold the short entry with stop loss at 1.3980 and profit target 1.3830
good luck

[pritishahfx]

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.4045; (P) 1.4074; (R1) 1.4115

With 1.4243 minor resistance intact, further fall is still expected in EUR/AUD. The decline from 1.5331 is viewed as the third leg of the corrective pattern from 1.5831and should target 1.3792 first and then 50% retracement of 1.1602 to 1.5831 at 1.3717. On the upside, above 1.4243 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 1.4893 resistance holds.

In the bigger picture, price actions from 1.5831 are viewed as a corrective pattern to the up trend from 1.1602 medium term bottom. Current development suggests that deeper correction is underway. But we'd expect strong support from 61.8% retracement of 1.1602 to 1.5831 at 1.3217, 100% projection of 1.5831 to 1.3792 from 1.5331 at 1.3292, to contain downside and bring resumption of rise from 1.1602 eventually.

[ducd3vaizo]

Daily Forecast

Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: There is a newly formed bullish pattern, the possibility of a market may exceed 1.4149, but for now the market will retest on 1.4039
Recommendation: Buy limit at 1.4039

[ng1985]

pair- eur/aud
time frame to analysis- m15



the daily pivot point has been break at the 1.4081 level but price are making doji pattern. here it may again up side but if break the daily support at 1.4053 level then short with profit target at 1.4020 and stop loss at 1.4100

good luck

[kelvin566]

the cross is under it s moving average 100 and 500 and the main thcnical indicator on the daily and weekly chart indicat that the downtred still on at the 4 hours time frame the price trade at the law side of the bollenger band a bounceto the 100 moving average at the 4 hours time frame indicate a good level to short from to the target 1.3808 where it found the support

[pritishahfx]

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.3936; (P) 1.4057; (R1) 1.4170

Intraday bias in EUR/AUD remains on the downside for the moment. Current fall from 1.5331 is viewed as the third leg of the corrective pattern from 1.5831. Deeper decline would be seen to 1.3792 first and then 50% retracement of 1.1602 to 1.5831 at 1.3717. On the upside, above 1.4243 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 1.4893 resistance holds.

In the bigger picture, price actions from 1.5831 are viewed as a corrective pattern to the up trend from 1.1602 medium term bottom. Current development suggests that deeper correction is underway. But we'd expect strong support from 61.8% retracement of 1.1602 to 1.5831 at 1.3217, 100% projection of 1.5831 to 1.3792 from 1.5331 at 1.3292, to contain downside and bring resumption of rise from 1.1602 eventually.

[ng1985]

pair- eur/aud
time frame to analysis- m15



the price is falling down side from the resistance at 1.4100 level and moved to the lower support at 1.4030 level. the macd indicator is also below the zero level. so price will again to the lower support at 1.3980. short with stop loss at 1.4130
good luck

[pritishahfx]

EUR/AUD Weekly Outlook

EUR/AUD dropped to as low as 1.3943 last week and the break of 1.3963 support suggests resumption of fall from 1.5331. Such decline is viewed as the third leg of the corrective pattern from 1.5831. Initial bias is on the downside this week for 1.3792 first and then 50% retracement of 1.1602 to 1.5831 at 1.3717. On the upside, above 1.4243 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 1.4893 resistance holds.

In the bigger picture, price actions from 1.5831 are viewed as a corrective pattern to the up trend from 1.1602 medium term bottom. Current development suggests that deeper correction is underway. But we'd expect strong support from 61.8% retracement of 1.1602 to 1.5831 at 1.3217, 100% projection of 1.5831 to 1.3792 from 1.5331 at 1.3292, to contain downside and bring resumption of rise from 1.1602 eventually.

In the longer term picture, the impulsive structure of the rise from 1.1602 bottom to 1.5831 suggests that it's just the first wave of either a three wave or a five wave sequence. That is, upon completion of the correction or consolidation from 1.5831, the rise from 1.1602 should resume. Based on current situation, 50% retracement of 2.1127 to 1.1602 at 1.6365 is the key to determine underlying long term momentum.

---------- Post added at 05:09 PM ---------- Previous post was at 04:51 PM ----------

EURAUD
EURAUD tested the high of 1.5347, surpassing 38.2% Fibonacci Retracement level of its long term downtrend from 2.1152 to 1.1606. The pair is expected to continue its upward momentum in near future as RSI is trending upwards since the start of the week from near 47 level while strong supports from moving averages remained untouched.
The pair is currently trading near 1.5330 level, signaling 1.5425 – 1.5435 resistance zone, breaking which it can head towards importance resistance level of 1.5600. Should the pair sustains trading above 1.5600, it can witness 1.5830 and 1.5940 as consequent resistance level. Sustained trading above 1.5940, can fuel the pair towards 1.6240 – 1.6250 resistance zone.
Alternatively, 1.5255 – 1.5245 can become immediate support zone for the pair (including 38.2% Fibo. Level), breaking which it can test 50-day EMA support near 1.5070 continues to provide a good support level. Sustained trading below 1.5070 can lead the pair towards 1.4800 – 1.4785, coinciding 100-day EMA. If the pair trades below 1.4785, it is vulnerable to test 1.4500 level.