Thread: Eur/Aud
The pair continues to be under pressure bears, there was already a change of trend on the daily time frame rate below the moving steadily strengthened alligator while I wait for the sales breakdown of support in 2460 (of which can still begin the Northern correction).
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EUR/AUD continue downward movement and until now, this pair still under pressure so that can not move up. A chance of rise fall when in asian sesion market, price can not break up daily pivot level (1.2498). Prise estimated to go down again and will make a new lowerest price level.
So come to the next support level 2460, near a noticeable pause (also began to form a double bottom), opened the purchase, MASD shows a signal to the North as the hourly and 4-hour chart.
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Elliott: elongated flat correction down 1.2398
There is bearish potential for a fall to 1.2467 - 1.2439 while 1.2494 - 1.2513 resist. After this fall a recovery up to 1.2513 or 1.2531 is expected.
Warning: Engulfing pattern
Technical points
Key point 1.2455
Entry point 1.2487
Elliott 1.2672
Closing 1.2475
Projection 1.2376
Trendline 1.2510
Trendline 1.2510
Supports / Resistances
Res 2 1.2586
Ex-High 1.2550
Res 1 1.2531
Pivot 1.2494
Sup 1 1.2439
Ex-Low 1.2458
Sup 2 1.2403
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Eur/aud technical analysis for 29.10.2012 by using : Auto pivot indicator.
resistance 3:1.2620
resistance 2:1.2585
resistance 1:1.2528
pivot point :1.2493
support 1:1.2436
support 2:1.2401
support 3:1.2344
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EURAUD next week
Elliott: flat correction down 1.2365
Market should not go lower than 1.2467 - 1.2398. After this move down it should go up to 1.2574 - 1.2612 area.
Warning: Imminent end of bearish move
Technical points
Key point 1.2427
Entry point 1.2544
Elliott 1.2824
Closing 1.2475
Projection 1.2329
Trendline 1.2661
Trendline 1.2612
Supports / Resistances
Res 2 1.2749
Ex-High 1.2672
Res 1 1.2612
Pivot 1.2535
Sup 1 1.2398
Ex-Low 1.2458
Sup 2 1.2321
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eur/aud technical analysis by using : average directional movement index
adx : 22.0665
+di : 18.2559
-di : 16.3831
timeframe : 1 hour
time : 1900
date : 26.10.2012
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Elliott: extended impulse wave down 1.2442
It may meet resistance in 1.2500 - 1.2510 zone for a drift down to 1.2479 zone, after which bounce to 1.2531 is anticipated.
Warning: Imminent end of bearish move
Technical points
Key point 1.2440
Entry point 1.2479
Elliott 1.2672
Closing 1.2500
Projection 1.2471
Trendline 1.2565
Trendline 1.2423
Supports / Resistances
Res 2 1.2563
Ex-High 1.2541
Res 1 1.2531
Pivot 1.2510
Sup 1 1.2479
Ex-Low 1.2489
Sup 2 1.2458
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The Bund opened sharply lower yesterday
The Eurostoxx remained confined within a relatively tight range in yesterdays session amidst mixed macroeconomic data and earnings reports. The index once again lacked in upside momentum throughout yesterdays trade which prevented our neutral entry short at 2,515 from being reached. This morning the Eurostoxx is opening lower to reflect the effect of the downbeat earnings from Apple last night, with the downside also being driven by the lack of European developments.
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Start reducing renew south couple euraud, last hour candle-volumetric seems now will break the daily minimum (short of 2500 figure) in which I will sell my goal will be to support 2360.
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