Thread: Aud/Usd
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Aud/usd analysis for 09.02.2013 by using pivot indicator.
r3: 0.90060
r2: 0.89809
r1: 0.89415
pivot: 0.89164
s1: 0.88770
s2: 0.88519
s3: 0.88125
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Short positions below 0.8955 with targets @ 0.8865 & 0.8845
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The trading week was noted decrease in southern and full resumption of the southern trend, closing took place near the 8900 figure (medium-term support), Monday will be waiting for the breakdown of 8900 and output to an annual minimum of 8850 (which probably will not be too strong a barrier to bear considering the growing trend of the index dollars).
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Bigger Tf, involves bigger risk and Patience,
Don't trade if you can't afford to loose![]()
Rest the chart is before you, decide it yourself, trade on your own responsibility and Risk! Aud/usd long term trend is bearsh i am not selling at opening price, i see a correction as well, If market rejectd 0.9111 level then my sell starts near 0.9111 50% retracement of mother Bar Candle sl 0.9333 Target 0.8555
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Last edited by fxabdulrehman; 2013-09-01 at 02:26 PM.
Of observations by the method of technical analysis I have seen of the currency pairs Aud/Usd and indicators that I use is the Bollinger Bands and fibbo.
It is seen that the position of the forex market are on point 0.8902 and there is support and resistance on the
- R3 : 0.9027
- R2 : 0.9003
- R1 : 0.8965
- Pivots : 0.8941
- S1 : 0.8903
- S2 : 0.8879
- S3 : 0.8841
then I highly recommend you to open position BUY with
Take Profit is equal to 0.8932 as well as Stop Loss at point 0.8872
so that the target pips for today I think is at 150 pips
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.
Australian dollar is very vulernable with all the recovery has been paused or not breaking above the previous and not a single breakout above the previous swing but a breakout below the previous Lower lows confirms the resume the downtrend which is asking for much more downside price action in the coming weeks and now we need a final break below 0.8847 to move towards 0.8650 and lower 0.8440 and See the chart everything is explained int the chart if you ask me last short signal at 0.9012 and friday high of 0.8970 does not pullback enough and price is set to t est the recent lows and then break below will give nobody a chance to ride as most of the price will be down in the day so stay cautious and look for proper risk reward with stops around 0.9012 and look to be at break even if price broke 0.8848
regards
check the chart
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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.
closing one daily candle under 0.884x level will lead us to new down areas
but failing to close downside it will give us correction to 0.905x level
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