Today we will analyze the currency pair Euro Australian Dollar (EURAUD) for internet stock trading in the FOREX stock market,
Stock Technical indicators to notice in Euro Australian Dollar (EURAUD)
1- Last bullish trend was from 1.31 $ (10/31/2011) to 1.38 $ (11/23/2011) a 0.06 $ move 2- The current bearish trend started from 1.38 $ at 11/23/2011 and is currently trading at 1.22 $.
3- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
4- Bullish Divergance in MACD Indicator .
Euro Australian Dollar (EURAUD) Short term stock chart patterns for internet stock trading :

5- the currency pair formed a 0.090 $ height triangle which was broken down at 1.308, target of the pattern is 1.218.
Euro Australian Dollar (EURAUD) Mid term stock chart patterns for internet stock trading :

6- the currency pair formed Double Bottom Pattern at 1.303 that failed and formed a resistance.
7- the currency pair formed Double Top Pattern at 1.392 .
8- the currency pair formed a 0.092 $ height triangle which was broken down at 1.297, target of the pattern is 1.205.
Euro Australian Dollar (EURAUD) Long term stock chart patterns for internet stock trading :

9- the currency pair was resisted by a resistance line, identified by two points: 1.429 and 1.528, and is currently resisting at 1.323.

Stock Trading Conclusion:
Euro Australian Dollar (EURAUD) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 1.26, 1.28, 1.30, 1.32, 1.32, 1.32, 1.34, 1.38, 1.39.
Stock Support levels : 1.22,.