Melbourne Qindex 07:50 GMT January 1, 2012 - My Profile
EUR/AUD : Critical Point 1.2908 : Reply
Entry: Target: Stop:
EUR/AUD : Critical Point 1.2908
The bias is on the downside when the market is trading below the critical level at 1.2783 // 1.2908*. The weekly cycle pivot centres are located at 1.2511 - 1.2714 - 1.2813. The monthly cycle directional indicator suggests that speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through [1.2479]. The medium term downside targeting point is 1.2044.
EUR/AUD : Monthly Cycle Charts