AUD/USD Tradertip Technical Report and Forecast for Thursday 12 March 2015
Current fall is near an end of wave around 0.7553 zone, a rally should then procede to above 0.7637. Fall below 0.7515 would cancel this scenario.
Thread: Aud/Usd
AUD/USD Tradertip Technical Report and Forecast for Thursday 12 March 2015
Current fall is near an end of wave around 0.7553 zone, a rally should then procede to above 0.7637. Fall below 0.7515 would cancel this scenario.
Last edited by pritishahfx; 2015-03-12 at 09:38 AM.
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AUD/USD Daily Outlook
Daily Pivots: (S1) 0.7583; (P) 0.7644; (R1) 0.7686
AUD/USD's break of 0.7625 support confirmed down trend resumption. Intraday bias remains on the downside and current fall should now target 61.8% projection of 0.8294 to 0.7625 from 0.7912 at 0.7499. On the upside, above 0.7683 minor resistance will turn bias neutral and bring consolidations. But recovery should be limited below 0.7912 resistance and bring another fall.
In the bigger picture, the down trend from 1.1079 is still in progress with solid downside momentum as seen in weekly MACD. Current fall could be correcting the long term up trend from 0.4773 (2001 low). Such down trend would possibly target 61.8% retracement of 0.4773 to 1.1079 at 0.7182 and below. On the upside, break of 0.8659 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong recovery.
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AUDUSD
Order PENDING
Form SELL LIMIT
Sell from 0. 7660
Acquire Profit from 0. 7606
Quit Loss from 0. 7685.
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AUD USD hits the first target – Analysis - 10/03/2015
The AUDUSD pair declines clearly to touch our first main target at 0.7645, to continue trading inside the main bearish channel that appear on chart, and stochastic is offering negative signal now that supports the continuation of the bearish bias in the upcoming period, which makes us wait to head towards the next main target at 0.7430 in the upcoming sessions.
Therefore, the bearish trend will remain valid and active unless breaching 0.7820 level and holding above it.
Expected trading range for today is between: 0.7500 support and 0.7750
Expected trend for today: Bearish
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AUDUSD
Order IMPENDING
Type SELL RESTRICTION
Sell at 0. 7660
Acquire Profit at 0. 7605
Stop Loss at 0. 7695.
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AUD/USD Daily Outlook
Daily Pivots: (S1) 0.7677; (P) 0.7708; (R1) 0.7733
AUD/USD drops further to 0.7656 so far today and intraday bias remains on the downside for 0.7625 support. As noted before, the consolidation from 0.7625 is possibly finished and the larger down trend might be resuming. Break of 0.7625 will confirm this bearish case and target 61.8% projection of 0.8294 to 0.7625 from 0.7912 at 0.7499. On the upside, above 0.7750 minor resistance will dampen this bearish case and extend the consolidation from 0.7625 with another rise.
In the bigger picture, the down trend from 1.1079 is still in progress with solid downside momentum as seen in weekly MACD. Current fall could be correcting the long term up trend from 0.4773 (2001 low). Such down trend would possibly target 61.8% retracement of 0.4773 to 1.1079 at 0.7182 and below. On the upside, break of 0.8659 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong recovery.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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