the price is facing a strong support level at 1.8150 and it failed to break it that's why i think that the price will rise in the medium term.
Thread: Gbp/Aud
the price is facing a strong support level at 1.8150 and it failed to break it that's why i think that the price will rise in the medium term.
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analysis for today 7 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPAUD on the date 7 / 17 / 2014
OPEN 1.8287
HIGH 1.8316
LOW 1.8202
CLOSED 1.8280
The third resistance (R3) 1.8316 -( 1.8266 - 1.8202 = 0.0064 x 2 = 0.0128 )= 1.8444
The second Resistance (R2) 1.8266 + 1.8316 - 1.8202 = 1.8380
First resistance (R1) 1.8266 x 2 = 3.6532 - 1.8202 = 1.8330
pivot points 1.8316 + 1.8202 + 1.8280 = 5.4798 / 3 = 1.8266
Support for the first (S1) 1.8266 x 2 = 3.6532 - 1.8316 = 1.8216
Support second (S2) 1.8266 -( 1.8316 - 1.8202 = 0.0114 ) = 1.8152
Third Support (S3) 1.8202 -( 1.8316 - 1.8266 = 0.0050 x 2 = 0.0100 )= 1.8102
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I think the price will fall back so far above the trend and goes towards the resistance line at 1.8358. That's why I recommend to buy.
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analysis for today 7 / 17 / 2014
GBP/AUD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.8311
Retracement (50%) 1.8320
retracement (61,8%) 1.8329
Extensions (61.8%) 1.8235
Extensions (100.0%) 1.8206
Extensions (138.2%) 1.8177
Extensions (161.8%) 1.8159
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPAUD on the date 7 / 16 / 2014
OPEN 1.8290
HIGH 1.8358
LOW 1.8282
CLOSED 1.8286
The third resistance (R3) 1.8358 -( 1.8309 - 1.8282 = 0.0027 x 2 = 0.0053 )= 1.8411
The second Resistance (R2) 1.8309 + 1.8358 - 1.8282 = 1.8385
First resistance (R1) 1.8309 x 2 = 3.6617 - 1.8282 = 1.8335
pivot points 1.8358 + 1.8282 + 1.8286 = 5.4926 / 3 = 1.8309
Support for the first (S1) 1.8309 x 2 = 3.6617 - 1.8358 = 1.8259
Support second (S2) 1.8309 -( 1.8358 - 1.8282 = 0.0076 ) = 1.8233
Third Support (S3) 1.8282 -( 1.8358 - 1.8309 = 0.0049 x 2 = 0.0099 )= 1.8183
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analysis for today 7 / 16 / 2014
GBP/AUD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.8274
Retracement (50%) 1.8254
retracement (61,8%) 1.8233
Extensions (61.8%) 1.8445
Extensions (100.0%) 1.8510
Extensions (138.2%) 1.8575
Extensions (161.8%) 1.8616
calculation based on a Fibonacci retracement then today I choose buy
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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analysis for today 7 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPAUD on the date 7 / 15 / 2014
OPEN 1.8182
HIGH 1.8339
LOW 1.8168
CLOSED 1.8289
The third resistance (R3) 1.8339 -( 1.8265 - 1.8168 = 0.0097 x 2 = 0.0195 )= 1.8534
The second Resistance (R2) 1.8265 + 1.8339 - 1.8168 = 1.8436
First resistance (R1) 1.8265 x 2 = 3.6531 - 1.8168 = 1.8363
pivot points 1.8339 + 1.8168 + 1.8289 = 5.4796 / 3 = 1.8265
Support for the first (S1) 1.8265 x 2 = 3.6531 - 1.8339 = 1.8192
Support second (S2) 1.8265 -( 1.8339 - 1.8168 = 0.0171 ) = 1.8094
Third Support (S3) 1.8168 -( 1.8339 - 1.8265 = 0.0074 x 2 = 0.0147 )= 1.8021
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analysis for today 7 / 15 / 2014
GBP/AUD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.8219
Retracement (50%) 1.8209
retracement (61,8%) 1.8198
Extensions (61.8%) 1.8306
Extensions (100.0%) 1.8339
Extensions (138.2%) 1.8372
Extensions (161.8%) 1.8393
calculation based on a Fibonacci retracement then today I choose buy
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
There is two strong resistances at 1.8326 and at 1.8367, It is very difficult that the price will can break them, that's why I recommend to get out of longs positions and look for selling opportunities.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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analysis for today 7 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPAUD on the date 7 / 14 / 2014
OPEN 1.8252
HIGH 1.8252
LOW 1.8165
CLOSED 1.8181
The third resistance (R3) 1.8252 -( 1.8199 - 1.8165 = 0.0034 x 2 = 0.0069 )= 1.8321
The second Resistance (R2) 1.8199 + 1.8252 - 1.8165 = 1.8286
First resistance (R1) 1.8199 x 2 = 3.6399 - 1.8165 = 1.8234
pivot points 1.8252 + 1.8165 + 1.8181 = 5.4598 / 3 = 1.8199
Support for the first (S1) 1.8199 x 2 = 3.6399 - 1.8252 = 1.8147
Support second (S2) 1.8199 -( 1.8252 - 1.8165 = 0.0087 ) = 1.8112
Third Support (S3) 1.8165 -( 1.8252 - 1.8199 = 0.0053 x 2 = 0.0105 )= 1.8060
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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