Printable View
Aud/usd is still in bearish trend and i think the price is just trying to test its resistance level again before rebounce and continue its way . But if the price can break that level , the bullish have more chance to take control today .
http://vangsaigon.com/iupload/images/au122.bmp
A downtrend could sent the price to support but it failed to breakout, so the rejection from support 1.0228 could be a good way for the corrections take part again and targetted 1.0277.
slowly but surely, a pair continues its southern descent, that is interesting, moving alligator act as sloping trend line from which there is southern retreat approaching, here and now the pair in their correctional wave again went to the sliding, forward-clear and resume the trend, not the bottom of the course has major obstacles and profit can be put on 0200 figure.
http://www4.0zz0.com/2013/02/12/12/376605570.gif
we can see in the m30 chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1.0271
stochastic refers that the pair will go up
so our target buy from 1.0249 and our target will 20pips
Good luck
=(:woo:
Just to aud formed excellent entry point for sale, the couple came close and even some medium-level broke sloping trend rate now made a turn back to the south and goes downward to the underlying trend, the dollar index also resumed its growth, which should dodast confidence bears and increased sell signal from RSI.
AUDUSD is trading sideways and this pair is moving quietly for this week so far trying to break important resistance area 1.0360 but could not be able to break the level thats why traders are not confidant in clear options so 1.0260 buy area and 1.0350 selling area .
Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today:1.0408
we have a good buy call in this pair because the momentum is bullish and after some constant movements it will reach the target of 1.0420
M30
price is above the pivot 1.0283 and 1.0340 is penetrated R1 tends to show strong ride today .. MA crosses above 10 and 20 indicate a strong trend up with a failed attempt crosses down .. But the RSI showed good to sell. would go down first and then further rise towards 1.0377 R2??