Eur/Aud

[pritishahfx]

EUR/AUD Weekly Outlook

4H

EUR/AUD's retreat was continued at 1.4419 and recovered. The development argues that rebound from 1.3963 is not completed yet. Initial bias is neutral this week first. Break of 1.4893 will target 1.5331 resistance. On the downside, below 1.4419 will turn bias to the downside for 1.3963 support. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.

---------- Post added at 05:18 PM ---------- Previous post was at 03:50 AM ----------

D1

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. In case of deeper fall, strong support would likely be seen at 61.8% retracement of 1.1602 to 1.5831 at 1.3217 to bring resumption of rise from 1.1602 eventually.

---------- Post added at 05:40 PM ---------- Previous post was at 05:18 PM ----------

Weekly

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.

[KAUL]

analysis for today 2 / 13 / 2015

EURAUD

Resistance : R1 1.4753 R2 1.4778 R3 1.4798 R4 1.4828
Support : S1 1.4691 S2 1.4666 S3 1.4646 S4 1.4616

Open : 1.4746
High : 1.4766
Low : 1.4678
Range : 0.0088 Pips
Running Price : 1.4762

Strategy : BUY at the level 1.4762 stop loss at the level 1.4691 target take profit at the level 1.4798 or at the level 1.4828

[pritishahfx]

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.4574; (P) 1.4637; (R1) 1.4739

4H

The rebound from 1.4419 and strong break of 1.4612 suggests that pull back from 1.4893 has completed. Intraday bias is back on the upside for 1.4893 first. Break will extend the rise to 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.

---------- Post added at 06:23 PM ---------- Previous post was at 06:06 PM ----------

D1

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. In case of deeper fall, strong support would likely be seen at 61.8% retracement of 1.1602 to 1.5831 at 1.3217 to bring resumption of rise from 1.1602 eventually.

[KAUL]

analysis for today 2 / 12 / 2015

EURAUD

Resistance : R1 1.4720 R2 1.4745 R3 1.4765 R4 1.4795
Support : S1 1.4731 S2 1.4706 S3 1.4686 S4 1.4656

Open : 1.4691
High : 1.4806
Low : 1.4645
Range : 0.0161 Pips
Running Price : 1.4783

Strategy : BUY at the level 1.4783 stop loss at the level 1.4731 target take profit at the level 1.4765 or at the level 1.4795

[pritishahfx]

Although the pair rebounded from 200-day SMA support near 1.4500 mark, also coinciding with 38.2% Fib. retracement level of its down-leg witnessed from Dec. 2014 high to low tested in Jan. 2015, it is yet to clear its immediate resistance near 1.4630-50 area, marked by 50% Fib. retracement level. A decisive strength above 1.4650 is likely to trigger a fresh leg of up-move for the pair towards its next major resistance near 1.4800 mark. On the downside, 1.4500 area remains immediate strong support, which if broken might negate the possibilities of any further up-move for the pair and the pair might continue dropping towards its next major support near 1.4150 area. Intermediate support levels area pegged near 1.4360-50 area and 23.6% Fib. retracement level near 1.4280 level.

[nouman-abid]

euro pair ka trend mujhe high lag raha hai..
1.3170 se pehle iska koi bura muzhamat nahi lagta..
1.3310 tak isko buy kr sakta hain

[Gamabunta]

I think that this is a good opportunity to get in short position from the 50.0 level of fibonacci ratios at 1.4665 with take profit at 1.4424.

[pritishahfx]

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.4483; (P) 1.4537; (R1) 1.4617

4H

With 1.4612 minor resistance intact, deeper fall is in favor in EUR/AUD for 1.3963 support. On the upside, above 1.4612 minor resistance will turn bias neutral first. Above 1.4893 will extend the rebound to 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.

---------- Post added at 12:43 PM ---------- Previous post was at 09:40 AM ----------

D1

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. In case of deeper fall, strong support would likely be seen at 61.8% retracement of 1.1602 to 1.5831 at 1.3217 to bring resumption of rise from 1.1602 eventually.

[ducd3vaizo]

Daily Forecast

Pair: EURAUD
Major Trend: Bullish
Time Frame: H1
Reason: Stochastic indicator shows the convergence pattern. For the long term, predicted that the market will be heading to 1.4723
Recommendation: Buy now with daily target at 1.4627

[KAUL]

analysis for today 2 / 11 / 2015

EURAUD

Resistance : R1 1.4614 R2 1.4639 R3 1.4659 R4 1.4689
Support : S1 1.4510 S2 1.4485 S3 1.4465 S4 1.4435

Open : 1.4572
High : 1.4585
Low : 1.4539
Range : 0.0046 Pips
Running Price : 1.4551


Strategy : SELL at the level 1.4551 stop loss at the level 1.4614 target take profit at the level 1.4465 or at the level 1.4435