Stock Technical indicators to notice in Australian Dollar Euro (AUDEUR)
1- Last bearish trend was from 0.76 $ (10/31/2011) to 0.73 $ (11/23/2011) a 0.03 $ move 2- The current bullish trend started from 0.73 $ at 11/23/2011 and is currently trading at 0.82 $.
Australian Dollar Euro (AUDEUR) Short term stock chart patterns for internet stock trading :
4- the currency pair formed a 0.049 $ height triangle which was broken up at 0.764, target of the pattern is 0.813.
Australian Dollar Euro (AUDEUR) Mid term stock chart patterns for internet stock trading :
5- the currency pair formed Double Bottom Pattern at 0.718 .
6- the currency pair formed Double Top Pattern at 0.767 that failed, and formed a support .
7- the currency pair formed a 0.051 $ height triangle which was broken up at 0.762, target of the pattern is 0.813.
Australian Dollar Euro (AUDEUR) Long term stock chart patterns for internet stock trading :
8- the currency pair traded in a bullish stock channel identifed by support at 0.699 and 0.488,resistance between 0.772 and 0.538, the stock channel is currently supported from below by 0.787 and resisted from above by 0.898.
Stock Trading Conclusion:
Australian Dollar Euro (AUDEUR) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : .
Stock Support levels : 0.797, 0.783, 0.772, 0.761, 0.757, 0.747, 0.726,.
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