Thursday 29 January 2015

EURAUD Analysis

EURAUD 4HR

Expecting the EURAUD to fall and retest the lows. The EURAUD as rallied as expected to the 50% retracement level. It has also completed a gartley butterfly pattern and a double zigzag pattern. Prices should fall with the first major support being 1.4407.

EURAUD 1HR


Wednesday 21 January 2015

GBPUSD Analysis

GBPUSD 4HR

The GBPUSD is in a strong down trend on the 4hr and should continue lower. Prices are also consolidating within a triangle pattern and are expected to breakout downward completing the 5th wave. If prices successfully break downward, prices are expected to fall to around 1.4886 (brown line). However if prices breakout to the north prices can rally to as far as 1.5332(blue line) before finding resistance.