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EURAUD RISING!!

P3tr4 Posted 22 July as Analysis on EUR/AUD, Target: 1.5023, Date: 1st of September, 12:00 GMT  in #Technical analysis #EUR/AUD #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:
Stochastic indicator and price action are the only indicators used.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also.
Same applies for when stochastic is below 20, the trend is bearish wit…
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EURAUD FALLING!!

P3tr4 Posted 23 June as Analysis on EUR/AUD, Target: 1.4712, Date: 1st of August, 12:00 GMT  in #Technical analysis #EUR/AUD #Euraud #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:
Stochastic indicator and price action are the only indicators used.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also.
Same applies for when stochastic is below 20, the trend is bearish wit…
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2 Comments
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P3tr4 22 July

The is much bearishness on the charts, but it has pulled up after hitting a low of 1.7388. This move upwards is as a result of Draghi's recent remarks, so there is a chance of the bearish trend resuming soon. But there is some short-term bullish pressure, that could go up another 100 pips or so.

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P3tr4 29 July

The bullish pressure has been there but a bit sluggish. Now there is a 12 pips difference between where the market is and my prediction, the markets will open on Sunday and a lot could change, but I am still optimistic.

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EURAUD FALLING!!

P3tr4 Posted 30 May as Analysis on EUR/AUD, Target: 1.4778, Date: 3rd of July, 12:00 GMT  in #Technical analysis #EUR/AUD #Euraud #Market Trend #Monthly Chart #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
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3 Comments
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P3tr4 18 June

Just as I predicted, this euraud has been going downhill, the only problem now is that it has gone way below my projected price for the TA contest. Considering the speed of the drop, there is room for some kind of retracement up. This is a tough call, except there is a support level that forms soon, there is no reason for euraud pair to go up.

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P3tr4 21 June

Euraud has started turning bullish, daily candle is closing with strong bullish indications. This means in the next few days, it could go higher and there's no telling how high it will go or if it will drop back to current levels.

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P3tr4 23 June

The euraud has not moved much since the last update, but there is clear a bounce up going on after the big drop. It is close to my price now, but there is still a week of price activity to watch out for.

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EURAUD RISING!!

P3tr4 Posted 13 Apr. as Analysis on EUR/AUD, Target: 1.43, Date: 1st of June, 12:00 GMT  in #Technical analysis #EUR/AUD #Euraud #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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EURAUD RISING!!

P3tr4 Posted 24 Mar. as Analysis on EUR/AUD, Target: 1.445, Date: 1st of May, 12:00 GMT  in #Technical analysis #EUR/AUD #Euraud #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart

i expect market action to take price higher
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P3tr4 27 Apr.

For this update, the market is over a 100 pips away from my forecast, but I am adding it because I am expecting some serious retracement from the euro. If that dies not happen, well then it will move further away from my forecast. The reason the euro is doing well is expected french elections, and the euro bulls will take charge until the elections are over.

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EURAUD RISING!!

P3tr4 Posted 28 Feb. as Analysis on EUR/AUD, Target: 1.41, Date: 3rd of April, 12:00 GMT  in #Technical analysis #EUR/AUD #Euraud #Monthly Chart #Weekly Chart

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EURAUD TO CONTINUE BULLISH

P3tr4 Posted 31 July as Analysis on EUR/AUD, Target: 1.5660, Date: 1st of September, 12:00 GMT  in #Technical analysis #EUR/AUD #Bullish Bias #Strong Euro
The euro has been gaining, and it looks like the recovery everyone has been watching out for is finally happening.
3 months of bullish candles.
The market visited a previous high, and this month's bullish candle shows strong gin from the euro.
The market tested 1.5300 again, with 1.5700 in sight.
The rocket launch has begun.
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P3tr4 27 Aug.

The current price is about hundred pips higher than my target, I expect the aussie to get stronger and bring the pair either to my target or lower.

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EURAud to reverse trend!!

P3tr4 Posted 30 June as Analysis on EUR/AUD, Target: 1.3800, Date: 3rd of August, 12:00 GMT  in #Technical analysis #Trend #EUR/AUD #Euraud #Bearish Signs
My prediction on the EurAud is a drop and a continuation of the overall euro bearish-ness.
The pair is in a "wedge", so it needs to break the upper or lower trend line before a trend direction can be determined.
The pair has been marked with lower highs, so a bearish trend seems imminent.
A trend line break will leave the pair open to test the support at 1.3700.
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The euro to extend losses

P3tr4 Posted 27 Feb. as Analysis on EUR/AUD, Target: 1.3780, Date: 1st of April, 12:00 GMT  in #Technical analysis #Euro #Bearish #Qe #EUR/AUD
The euro is under a lot of bearish, and compared to the "form" of its aussie counterpart, the euro does not stand a chance.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
daily chart shows a steady but continued decline. I expect the lower band to be breached and consequently open room for 1.4000.
The stochastic indicator has crossed down on weekly chart, showing more potential downside for the pair. Forecast is at 1.3780
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Aussie recovery across board

P3tr4 Posted 30 Jan. as Analysis on EUR/AUD, Target: 1.4050, Date: 2nd of March, 12:00 GMT  in #Technical analysis #Down Trend #EUR/AUD #Euraud
I am expecting an Aussie recovery across the board, considering how weak the euro is, i expect a down movement to 1.4050.
indicators:
Bollinger bands
stochastic
The euro is currently up with price at 1.4562. I am looking at this move as a temporary pull back, before the Aussie gains and pulls the pair down to 1.4050
As long as stochastic stays below 50, we should remain bearish.
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