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  1. #1
    Legendry Member willyw's Avatar

    EUR/AUD Weekly - Moved !!!

    EUR/AUD DAILY as of Wednesday, 13 February, 2013
    A Daily black body has formed
    For the past 10 Daily candlestick bars as of 12/02/13, there are 5 white candles versus 5 black candles.
    For the past 50 Daily candlestick bars as of 12/02/13, there are 27 white candles versus 23 black candles with a net of 4 white candles.
    A Daily inverted hammer has formed. If this occurs during a downtrend it implies a reversal. Look for a confirmation of the reversal on the bar.A Daily long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the currency is overbought).A Daily shooting star has formed (a shooting star has a small real body near the bottom of the candle and a long upper shadow). During an uptrend(which appears to be the case with Euro Dollar / Australian Dollar) the long upper shadow indicates that the bears are gaining control and a top may occur.A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
    The Parabolic SAR and EUR/AUD prices are narrowing and if EUR/AUD breaks 1.3165 EUR/AUD will head for 1.3404 object. The estimated time is about 1 week.
    Attached Thumbnails Attached Thumbnails euraud-candle-d.jpg  

  2. #2
    Junior Member allanrock's Avatar
    EUR/JPY on a weekly and monthly chart looks like it is already started some kind of a correction six months ago when the 4 year down trend, started in the mid 2008, finished. For me it is a sign that the downside potential is already exhausted and this pair will be in a range next few months. The other possibility is that it will start to climb up, but this development has no visible signs for now.

  3. #3
    Legendry Member willyw's Avatar

    Eur/usd !!!

    EUR/AUD WEEKLY as of Monday, 18 February, 2013
    A Weekly white body has formed (because prices closed higher than they opened).
    For the past 10 Weekly candlestick bars as of 15/02/13, there are 7 white candles versus 2 black candles with a net of 5 white candles.
    For the past 50 Weekly candlestick bars as of 15/02/13, there are 25 white candles versus 23 black candles with a net of 2 white candles.
    A Weekly spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble. Look out for the next bar for confirmation.
    EUR/AUD having reach a Weekly bottom 5 weeks ago at 1.2359, prices are currently moving upwards.
    Buy TARGET 1: 1.2760 (target reached)
    Buy TARGET 2: 1.3008
    Buy TARGET 3: 1.3409
    Est. Projected Time: 9 weeks
    Projected Time: 15 weeks
    Projected Time: 24 weeks
    Can consider buying intraday today with target around 1.3028; stop loss at 1.2803
    Attached Thumbnails Attached Thumbnails euraus-candle-w.jpg  

  4. #4
    Legendry Member willyw's Avatar
    EUR/AUD WEEKLY as of Monday, 25 February, 2013
    Euro Dollar / Australian Dollar broke below the downside support level of 1.30, 2 weeks ago. This is a bearish sign. This previous support level of 1.30 may now provide upside resistance. Prices having only declined 1.31% since the breakout, the validity of the breakout is in doubt.
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    Euro Dollar / Australian Dollar closed below the upper Bollinger Band by 31.3% which consider a breakout.
    The close is currently
    BELOW its 200 weekly moving average
    BELOW its 90 weekly moving average
    ABOVE its 30 weekly moving average
    The current market condition for Euro Dollar / Australian Dollar is Bearish
    Attached Thumbnails Attached Thumbnails euraud-bband-w.jpg  

  5. #5
    Legendry Member willyw's Avatar
    EUR/AUD WEEKLY as of Monday, 04 March, 2013
    A Weekly black body has formed (because prices closed lower than they opened).
    For the past 10 Weekly candlestick bars as of 01/03/13, there are 5 white candles versus 4 black candles with a net of 1 white candles.
    For the past 50 Weekly candlestick bars as of 01/03/13, there are 23 white candles versus 25 black candles with a net of 2 black candles.
    A Weekly spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.
    Intraday Sell EUR/AUD with target at 1.2684 with stop loss at 1.2963
    Attached Thumbnails Attached Thumbnails euraud-candle-w.jpg  

  6. #6
    Veteran Member uj.forex's Avatar
    Euro closed below the critical level of 1.3060 on Friday.... Still in bearish and would remain bearish for a couple of days, according to me...

  7. #7
    Legendry Member willyw's Avatar
    EUR/AUD DAILY as of Tuesday, 05 March, 2013
    A Daily white body has formed (because prices closed higher than they opened).
    For the past 10 Daily candlestick bars as of 04/03/13, there are 4 white candles versus 6 black candles with a net of 2 black candles.
    For the past 50 Daily candlestick bars as of 04/03/13, there are 20 white candles versus 30 black candles with a net of 10 black candles.
    A Daily inverted hammer has formed. If this occurs during a downtrend(which appears to be the case with Euro Dollar / Australian Dollar) it implies a reversal. Look for a confirmation of the reversal on the bar.A Daily long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).A Daily shooting star has formed (a shooting star has a small real body near the bottom of the candle and a long upper shadow). During an uptrend the long upper shadow indicates that the bears are gaining control and a top may occur.A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
    Buy EUR/AUD intraday with target at 1.2835 with stop loss at 1.2697
    Attached Thumbnails Attached Thumbnails euraud-candle-d.jpg  

  8. #8
    Legendry Member willyw's Avatar
    Hi members, I have started a new thread for techncial analysis for all the ccy pairs in one single thread. As such this thread will be closed.


    My new thread for my technical analysis is http://forums.binaryoptionsthatsuck....nical-Analysis

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