EURAUD Update 7th of May, 2015 - Possible sell opportunities

FX:EURAUD   Euro / Australian Dollar
224 0 5
This is an update for my previous chart:

As expected we moved higher above the 1.50 level and completed a zig-zag correction.
This correction was preceded by a complex double zig-zag wave (A).

Now we have got a possible leading diagonal wave a (or 1) that this market
is currently correcting in what looks like a zig-zag formation.

We have got bullish RSI divergence as well as a bullish engulfing pattern
which are indicating that we should see more gains in the sessions ahead.
New lows below 1.367 are expected as the 1.533 level stays intact.



Good luck!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out