Daily analysis for a couple of Australian dollars The pair rebounded before the point support at 1.0520 and is now expecting him to rise to the levels of 1.0580 and rebound, but in the case of breach expect climb to 1.0610 and falling
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Daily analysis for a couple of Australian dollars The pair rebounded before the point support at 1.0520 and is now expecting him to rise to the levels of 1.0580 and rebound, but in the case of breach expect climb to 1.0610 and falling
long positions at 1.0530 with 1.0560 and 1.0590 as next targets
the breakout of 1.0500 will call fro arebound towards 1.0480
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 1.0623
Stop Loss : 1.0521
Rising the pair lowest towards 1.04545/50 area
lowest near the area 1.0525 with the release of weak inflation reports for the fourth quarter of 2012
consumer prices have risen by about 0.2% on quarterly basis ans 2.2% on an annual basis
sell aud/usd at the level 1.0572 with targets at 1.0525 and 1.0492, but in case of breaking the level 1.0586, then buy at this level with targets at 1.0624 and 1.0646
http://i49.tinypic.com/33xuc8z.gif
Despite the pair comes downside yesterday the Linear regression indicator still kept above 1.0535 levels which keeps our positive expectation remain valid. Stochastic also supports the bullish movement of the pair. According to my chart analysis, I prefer to buying the pair above 1.0530 with targets 1.0585, 1.0615 then 1.0650 and stoploss with four hour candle closing below 1.0455.
And again to the south, just a couple went to a retreat from the southern zone of resistance 0565, now is the formation of a new southern wave is working out Deaver RSI, until my first goal will be around to support 0530 (about her were seen traces of strong purchases), but if the pair yet doth strengthen and below 0530 - then open the way to 0500 the figure from which you can and catch the north.
****ually the pair is approaching the lower boundary of the triangle inclined, what is interesting in this area as the 200 moving which is also a strong level of support, so I'll be playing on a release with the release back to the top of the channel resistance, 0575, and the risks are small.
aud/usd technical analysis by using : adx
adx : 23.6081
+di : 15.0413
-di : 23.3857
timeframe : 1 hour
time : 1800
date : 23.01.13
Analysis result AUD USD 24-01-2013
DOWN TREND (STRONG)
Signal 20 pips : SELL @ 1.0532 Set S/L @ 1.0562 Set TP @ 1.0512
Signal Breakout : SELL @ 1.0512 Set S/L @ 1.0542 Set TP @ 1.0492
Reversal Prediction LOW : 1.0492
Spoiler: