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EURAUD FALLING!!

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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P3tr4 22 Lip

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 Lip

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!!

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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P3tr4 18 Cze

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 Cze

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 Cze

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!!

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!!


i expect market action to take price higher
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P3tr4 27 Kwi

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!!


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EURAud to reverse trend!!

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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Aussie recovery across board

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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Today's trades

the ema are 20 and 200, supported by the DMI cross-over...
it is good for all to align...increase chances of success.
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Thank you for this blog post! I see the indicators I hope I will learn how they work!

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Strong Aussie

I am expecting the Australian dollar to gain and bring the EURAUD pair to 1.4150 by November 3rd.
The monthly chart shows a strong bullish candle on the pairs chart, i expect the bullish move to continue, but expect a short term retracement to 1.4 before a major bullish climb. The pair is currently above the 20EMA (blue line), my long term target is the 200EMA (red line).
On the daily chart, we see the 200EMA acting as resistance. i do not see the pair going above this level for some time.
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