aud going strong against united state dollar in my h1 time frame chart.but over all trend downward
so i want to make a selling position.
current trend in upward but near in selling area/zone
thanks
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aud going strong against united state dollar in my h1 time frame chart.but over all trend downward
so i want to make a selling position.
current trend in upward but near in selling area/zone
thanks
trading aud / usd, euro and U.S. sessions on this pair is likely to be bullish. He showed a pattern tf headnshoulders on h4. breah the 1.0545 level would bring the pair back to the price of 1.0600. and when the pair was able to get through the 1.0451 price will come down to test 1.0400 level
I already analysed the market. USD is dropping across the board with all its pairs. Also it will be worthy to say that Europe is getting out of its crisis so its another bad news for USD
pair trading aud / usd in Europe and U.S. session will probably continue the trend back up. once able to penetrate 61.8% Fibo level of the price 1.0427 and try to test the value of the price of 1.0483 or even 1.0525 may be up to the price. correction down, if he is able to return to the 38.2% Fibo level of prices will test the value of 1.0392 then 1.0335 price. just the analysis considerations.
http://speedcap.net/img/da9323a14683...2/158d4cf9.png
according to this hourly chart If this resistance is to hold, some bearish dominance would be expected. stoch also gives us the signal of weak movement by narrowing the two line.
our targeted take profit pips willl be -25
our targeted stop loss pips willl be-50
I do not think that aud/usd go towards parity again because RBA have given statement about the rate cuts as inflation is also rising. While the other factors like many countries in europe are downgrading. aud/usd will again make his turn towards 0.9400. So, always sell on rally.
The pair AUD-USD trade for 4 weeks now below a down trend, now the price has broken the support level 1.0423.
It was therefore possible to sell these levels with a stop above 1.0423 and objective
1.0350-1.0360.
http://img585.imageshack.us/img585/3629/audusd4h.gif
in the 1H chart ,The price try to break the down trend,But It find the daily pivot at the point 1.0401,And reverse from it ,I think the price will try more times to break this critical point ,But now It will be a good chance to get some pips from this last reverse .
Happy trading ^-^
AUD/USD seems consolidating around 1.0305 level. RSI is just breaking from 30 and reaching almost 40 and also MACD is now signalling a buy in the M5 chart. This would give us a long term good buying opportunity.
AUS/USD has lost almost 80 pips so far. it lost nearly 100 pips in the early of the day. But now it seems consolidating around 1.0260 level. In the opening of the week this pair start with more than 50 pip gap against the last week opening. But unable to maintain a bull run. So i think next couple of week we may able to see a clear appreciation of this pair.