Wednesday, April 30, 2014
Tuesday, April 29, 2014
Audjpy
On the Daily chart by having the butterfly harmonic
pattern formed, a reversal is being observed. We are expecting to see a drop by
the price in the currency pair if the conversion area is broken below later.
Aud cad
On the daily TF by having the price reached to the
channel high extreme and having 2 harmonic patterns Ab=cd & butterfly
formed with the time fulfilled and negative divergence as well, we are
observing a reversal. The expectation is raised for a drop if the supply
pressure exists within the market while having the bullish trend line broken
concurrent with the conversion area as well. Sunday, April 27, 2014
Gbp aud
By having the trend line broken on the H1 Chart, we
are expecting a growth.
Eur gbp
On the H4 chart the price is located on the
conversion level zone. We are expecting to observe the price to grow by having
the 0.8246 resistance level broken above.
Eur aud
On the M30 TF, the price is moving within a
channel. We are expecting a trendy bias if the price breaks out of the box.
The price is moving up within a bullish channel on
the daily chart. We will be looking for short/sell opportunities across the
market if the bottom of the channel is broken down.
By having the harmonic pattern formed on the daily
TF we are observing a price reversal. Later, we are expecting to see a drop to
the bottom of the channel if the selling pressure persisted.
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