19 years in trading
As I wrote in my yesterday’s EUR/AUD analysis, 3 days attack on the 1.4170/80 level was sucessfull at the end and euro broke that resistance today, after wich the pair have reached daily strong down trendline at 1.4310/20. The pair stopped there for two hours, broke trendline and move higher again to the 1.4391 high for now. The pair tested trendline from the
Read moreFor 3 days in a row, euro is trying to brake resistance at 1.4170/80, in the same time supported at 1.4040/50. If Euro manage to brake that level, next target could be 1.4310/20, the previous support and strong down trendline level. On the way back, as you can see in my analasis, 1.4040/50 is solid support, 1.4000 is next, up trendline
Read moreSimilar moves on those two pairs but that’s not strange because of the Euro weaknes in the market. The pair touched 1.3945 low on Friday and recover to the 1.4100, where the pair find resistance, the previous support from March 05. Down trendline return the pair down to 1.4040 for now, furder decline is possible, 1.3950 is first support. If
Read moreDaily MA200 supports the pair for days at 1.4500. Weekly MA100 is placed near as well, at 1.4475 today and on every decline lower, buyers push the pair up. Could this ‘buyers zone’ hold the pair furder and return the euro up toward 1.4700/900 in the coming days, it all could depend on Greece agreement, yes again. Greece brings too much
Read moreI have allready pointed at this pair potential at my analysis from January 29. and January 30. After RBA cut rates early in the morning by 25 bps, from 2,5 to 2,25%, euro rises sharply vs aussie and pushed the pair from 1.4485 to 1.4855, which is previous resistance from begining of January. Very nice daily gain here, let’s follow what
Read moreThe pair take a brake yesterday at 1.4600/20 and decline back to 1.4530, where is placed daily MA100 which stoped the pair on the way down. The pair turn up again and at this moments EUR/AUD is trying to brake 1.4650, the top of the strong resistance of previous important levels. Could it be broken today, after yesterdays extremely bullish
Read moreEUR/AUD manage to brake previous resistance from January 22. at 1.4400 and heading to the next target at 1.4600. But, on the way up, there is another minor resistance at 1.4490, the pair could take a brake there. There is another resistance and test for the bulls at 1.4500/20 where are placed Daily MA200 & 100 and that could also
Read moreAfter the 1.2 trillion euros ‘QE rumor’ was out from bbg, I decided to trade EUR/AUD and took 167 pips at the end of the day! I waited for the market to settle down and digest the news, find the entry level at 1.4161 and protect the order just few minutes latter at +25 pips. 1.4210 was important support level
Read moreI have already wrote about this at January 08., after the pair broke 1.4600. Today, the pair slide to 1.4365 low and rebound after touched the outer trendline. Furder moves between 1.42 and 1.46 could form a right shoulder and complete the H&S here. Take a look this levels and follow furder developments at this pair.
Read moreEuro falling sharply despite Aussie and already lost more then 70% of November 24. –> December 17. gain. 1.4600 is important level for this pair and daily close bellow could become a strong resistance level again. If you look carefully this chart, you can see possible H&S formation, but with such a bearish euro everything is possible, even 1.3800 as well. 1.4200
Read moreI was pointed at this potential developmlent in my EUR/AUD analysis from November 26., two days after triple bottom at ‘step 2’. This is why I love technical analysis, everything was clear if you have enough patience. EUR/AUD reached 1.5300 or 1100 pips in a month. USD/AUD fall help this pair to reach this level, because euro alone wasn’t strong enough, but
Read moreAfter September 12., EUR/AUD is moving between 1.42 and 1.47., literally in a few pips with support/resistance levels. After several days of wild roaler coaster, triple bottom at 1.4200 boost the pair up strongly, and finaly catch 1.47 today, for the second time in this two months period. For now, the pair is rejected again from 1.47 and slightly slide back to 1.4640/50,
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