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AUDUSD moved down day yesterday. it makes daily LSMA be pointing down, then be pointing up again. but on opening this morning, the price goes down and looks under LSMA daily. Weekly LSMA condition is still flat, but tend to fall, because the color is red LSMA weekly. most likely the price will go to 0.8925. sell recommendations
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US Pending Home Sales: Wednesday, 14:00. Fewer contract to buy previously owned homes were signed in June due to rising mortgage rates. Pending home sales fell 0.4%, missing forecast of 110.9, following a 5.8% surge in the previous month. However the reading was better than the 1.1% decline projected by analysts. Nevertheless, analysts believe, a ****ual climb in mortgages will not hurt growth in the housing market. A gain of 0.2% is anticipated.
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Update on AUD\USD – The pair has reached the Medium-term Bearish target @ 0.8905. now next strong support is 0.8850 if market rejected it we can find long oppurnaty with the target of 0.9000 stop los should be below of 0.8850
https://fbcdn-sphotos-g-a.akamaihd.n...40552537_n.jpg
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on currency pairs AUDUSD I have predicted that there is a signal BUY in the time frame H1
because I was referring to the indicator fibbonaci and pivot indicator to see support and resistance at R3=0.9137, R2=0.9086, R1=0.9034, Pivots=0.8983, S1=0.8931, S2=0.888, S3=0.8828
so I suggest to perform the requisite order BUY to
Take Profit 0.8954 and Stop Loss 0.8894
a target is likely to move by 50 pips
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AUD/USD pair price already touched daily support 1 level (0.89306) and lower trend line. Now the pair price try to move up ward. I think the price may touch Fibo 100.0 level.
http://i1311.photobucket.com/albums/...ps68b2d7e4.jpg
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The following data is predicted based on indicators that we use for the currency pair AUD/USD today, for today's support and resistance levels as follows: (R3=0,914), (R2=0,9088), (R1=0,9036), (Pivots=0,8984), (S1=0,8932), (S2=0,888), (S3=0,8828)
recommendation:
place your sell stop at 0,8964 target profit at 0,8944 (Seller zones)
place your buy stop at 0,9004 profit target at 0,9024 (buyer zone)
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http://charts.mql5.com/2/380/audusd-...orex-group.png
hi
we can see in the 1w chart
the pair will go up to fibo 23.6
I see the pair will go to up way to 0.9380
macd refers that the pair will go up
so our target buy from 0.8924 and our target will 456pips
Good luck
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Trading Signal - 28/8/2013 - 10:00 GMT+3
Instrument: AUD/USD
60min CHART
Downwards Strong
A Med-High probability, entry signal to go SHORT was given at 0.8960 after the market found resistance at 0.9000. Only the upward break of 0.9000 would cancel the bearish scenario.
http://dl.dropbox.com/u/51561036/scr...828-182637.jpg
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Support and Resistance (S3) 0.8827 (S2) 0.8880 (S1) 0.8931 (PP) 0.8984 (R1) 0.9035 (R2) 0.9088 (R3) 0.9139 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin upward movement.
That is why long positions at the level of 0.8930 with stop loss at 0.8850 and take profit at 0.9142 are recommended.
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today i like to sell this pair @ 0.8966
my stop loss of the day @ 0.8990
half take profit for today @ 0.8943
and further half take profit @ 0.8920