Here is my analysis today using pivot strategy
buy stop 1.0563 tp 1.0583 sl 1.0523
sell stop 1.0521 tp 1.0501 sl 1.0481
Thread: Aud/Usd
Here is my analysis today using pivot strategy
buy stop 1.0563 tp 1.0583 sl 1.0523
sell stop 1.0521 tp 1.0501 sl 1.0481
WITHDRAWAL IS MY STYLE
elliott elongated flat correction up 1.0589
current rise should end around 1.0572 objectives of this down move are 1.0495 or 1.0447 arise above 1.0601 is again bullish
support and resistances
res2 1.0601
res2 1.0572
pivot 1.0524
sup1 1.0495
sup2 1.0447
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Technical analysis using simple method daily open
buy stop 1.0563 tp 1.0583 sl 1.0503
sell stop 1.0523 tp 1.0503 sl 1.0583
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AUD is in a stage of development of the northern trend which is still in force, at its southern correctional wave pair went to two strong support levels, a horizontal support level of 0545 and mid-term trending oblique (about which also pass slip alligator), these levels of thinking and points will resume northern growth and will bring at least a couple of 0580.
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AUD / USD pair almost came close to the upper limit of the long-term side-channel (resistance of 0588), primarily on the level of the mid-term I expect to start reducing the southern think that will last to the middle of the channel -0400 figures at the beginning of the consolidation and sign reversal will sell.
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AUD/USD intraday: the upside prevails.
Pivot: 1.05
Our preference: Long positions above 1.05 with targets @ 1.058 & 1.06 in extension.
Alternative scenario: Below 1.05 look for further downside with 1.0465 & 1.0445 as targets.
Comment: the pair has broken above its previous high and should post further advance.
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As you see in my following attached chart, the pair resumes its positive trading approaching the first target at 1.0600, while stochastic continues to support the expected bullish wave, to keep our morning overview valid as it is for the rest of the day.
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today at this time i like to sell this pair @ 1.0570 to 1.0585 range
my stop loss @ 1.0625
half take profit @ 1.0545
and half @ 1.0515
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AUD/USD advance extended into the 1.0500 area, with the pair finding buyers now around 1.0500. The hourly chart shows price steady above a bullish 20 SMA that reinforces the static support level, while indicators turn lower in positive territory. In the 4 hours chart technical readings stand in overbought levels and turning slightly lower also, yet with price holding near the highs, a retracement seems not yet likely: only below 1.0470 the pair may lose current bullish tone and correct lower, while an extension above 1.0550 will point for an approach to the 1.0600 area.
---------- Post added at 11:50 AM ---------- Previous post was at 11:30 AM ----------
Following second month with a big miss on Australian jobs report data, AUD/USD is plummeting last at 1.0521 off recent session lows at 1.0496, from previous 11−week highs around the 1.0550 level previous to the release. Market expectation was at −7500 jobs ...
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Buy
Make entry at a point where all fisher indicator turns to green. It would be better if you wait for bit larger candles.
Attachment 1174
Sell
Make entry at a point where all fisher indicator turns to red. It would be better if you wait for bit larger candles.
Attachment 1180
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