Thread: Aud/Usd
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The pair again came close to the upper limit of a convergent bullish triangle-resistance around 9280 which also runs the 200 MA, a break of this level will be a very strong signal to buy, will continue its testing of a triple bottom (from 9030) on the daily chart and the divergence of MACD-double with a view to will be 9400.
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time frame- H1
the price is not able to break the support of the pivot point at 0.9229 and now moving up side. the parabolic sar and macd indicator both are giving us long trend signal. the price will again move to the resistance at 0.9285. long this pair with the stop loss at 0.9230
good luck
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.
A look at the pattern of breakdown / reversal. On July 23. In a pair AUDUSD, ceychas is rolled back from the local hai to 0.9284, many bought an increase in volatility yesterday, much of that growth is in full swing, and also in the last few days have been a major purchase by TD volatility of the past two days in the last 7 days 2.77 rapper 0.9167, 0.9172 support, resistance 0.9284, but still waiting to see what will breakdown up. Justification of the forecast - high volatility and the current price is above the benchmark.
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Unregistered (1)
aud/usd market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 25.20
+di : 20.24
-di : 19.56
adx(14) levels
adx : 24.57
+di : 14.95
-di : 18.12
time : 1500
date : 23.07.2013
timeframe : 1 hour
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Unregistered (1)
As you see in my following attached chart, the pair traded between a high of 0.9268 and a low of 0.9173 closed at 0.9247. Today the pair trades above the support level of 0.9145.
Upside Scenario: If the support level of 0.9145 holds, the pair could rise to the levels of 0.9310, then 0.9360.
Downside Scenario: In the case of a break below the support level of 0.9145 and we could see the levels of 0.9100 then 0.9055.
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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.
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.
Up down up down up down is the nature of aussie in recent past and from 0.9060 to 0.9290 4 to 5 attempts and total of +600 pips move here and there so best time for scalper But If you want to scalp then place the stop above 0.9350 But If you want to wait then wait for a break below 0.9040 But If want to go long with the momentum then wait for a break above 0.9350 then 0.9560 will be on the cards soon
regards
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.
Aud/usd pivot levels for 23.07.2013 by using fibonacci pivot indicator.
resistant 1:0.9331
resistant 2:0.9293
resistant 3:0.9269
pivot point :0.9232
support 1:0.9194
support 2:0.9170
support 3:0.9133
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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