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EUR/AUD-Retest Resistance& Support between Fan lines!


Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fan Lines,Support & Resistance,EMA:3,5,13,21,50,100,200.
Current Level : 1.5295


EUR/AUD has been extremly volatile stariting this year. The year started continuing the bearish trend and the pair made a 350 pips sharp bearish move.Also after that move the pair hovered in a range for some days and made another 550 pips bullish move in just 3 days. After last month bearish price action i expect the fibonacci fan lines level (23.60) to ho
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Metal_Mind 27 Mar.

UPDATE 1 : WRONG DIRECTION

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AUD/JPY - Third Wave ?


Charts: 4 Hours, 1 Day
Indicators: Fibonacii Fan Lines,Fibonacci Retracements, Support & Resistance Level , MACD, EMA 200,100,50.,Time Markers.
Current Level :
93.54.

AUD/JPY bullish trend pulled back after breaking 50% Fibonacci Fan Lines Level. Probablly the trend will continue it's bearish retracement until Fibonacci retracement lecel 38.20% (92.69) follwed by a strong bullish move until next retracement level 23.60%(97.57). There is an important resistance zone, and previously a range
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Maria_r avatar
Maria_r 25 Oct.

+1 )

Daytrader21 avatar

Nice analysis

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Metal_Mind 21 Nov.

UPDATE 1 : Current level is at 93.27 . The pair didn't made a bigger third wave as predicted. Nonetheles with 10 days to go it has time to meet forecast.

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