Euraud

[Lifesong]

Hi Neal

Just listened to the daily updates for May 13th and I agree that the market has been tough today. In light of this you could possibly look at EURAUD and include it in one of the coming updates. My analysis shows SK resistance at around 1.6570 to 1.6600 on 4H & daily, this will also coincide with downsloping trendline within this week. I also notice that the current rally from 1.6245 was from weekly & daily Fib level as well as upsloping trendline. Is it possible that something worthwhile could be developing during this week?

Your usual "spot on analysis" is much appreciated.
Otto

[FibMaster]

Hey Otto,

It was fun talking with you in my on-line chat room yesterday. Thanks for bringing that chart to my attention. GREAT TRADE, and it's not done yet!

In addition to our chat, I included EURAUD in today's forex updates, so you will have that in your email now.

A 4-hour chart showing the red arrow SHORT ZONE as discussed in the chat room is attached to this post. Note the 4-hour cross down of the TRSI indicator at the bottom (entry trigger). I hope you get to bank some pips on this one.

Have a great weekend, maybe an extra stukkie boereworse and a castle for me?

-Neal.

[FibMaster]

Attached is an updated 60-minute chart.

WOW! Nice profits in that chart, I hope you banked some.

Notice the reversal at my predicted support level. Watch this current support level, could give a bounce. If the chart drops though that support, more shorting opportunities below.

-Neal.