While there are several signals to the north (and to resume the primary trend), the pair is trading back above the horizontal level of 2579, was able to overcome a schedule slip alligator while I wait candle confirmation.
While there are several signals to the north (and to resume the primary trend), the pair is trading back above the horizontal level of 2579, was able to overcome a schedule slip alligator while I wait candle confirmation.
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If we look chart in tf m15 there is one candle that become a key for price to go down. This candle have a long pips with more than 50 pips. Now price move sideways as a effect after down strong with only one candle in one time. Price will down again if pressure still continue.
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Spoiler:
At the H4 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 1.2495
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I think EURAUD still in bearish sentiment. After breaking the support level at 1.2602, EURAUD try to test that level again but it has been rejected. Now, I think EURAUD will fall again. If EURAUD can break the yesterday's low, I am sure it will open a way for EURAUD to fall and touch the next support level at around 1.2506
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price is break todays support 2 and moving below the support 2. in my view price is not able to move again up side and we can see further down movement. today the price will touch support 3 and more than support 3 - 1.2485.
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Eur/aud technical analysis for 11.10.2012 by using : Auto pivot indicator.
resistance 3:1.2686
resistance 2:1.2657
resistance 1:1.2619
pivot point :1.2590
support 1:1.2552
support 2:1.2523
support 3:1.2485
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Elliott: flat correction down 1.2518
It may meet resistance in 1.2580 - 1.2589 zone for a drift down to 1.2552 zone, after which bounce to 1.2617 is anticipated.
Warning: Imminent end of bearish move
Technical points
Key point 1.2529
Entry point 1.2558
Elliott 1.2824
Closing 1.2580
Projection 1.2518
Trendline 1.2629
Trendline 1.2523
Supports / Resistances
Res 2 1.2654
Ex-High 1.2626
Res 1 1.2617
Pivot 1.2589
Sup 1 1.2552
Ex-Low 1.2561
Sup 2 1.2524
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a very strong trend in EUR / AUD pair and just flies on top ... now is to roll back to the previous level ... and there is some support ostanovochka, so there is where to put a short stop, and maybe get into a trend in the hope that prices will rise to the top 1.2800 ...
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likely daily retracement level for today is at 1.2538 recommend tp is at 1.2588 and stop loss level is at 1.2497, this trade setup is only valid for today and should deleted or close at market by the end of the day if TP is not hit.
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