Thread: Aud/Usd
The pair obviously can't break the downtrend line shown in the chart , now it faces the trend line @ 1.0379 , the priority here is to predict the pair to correct its direction and move down so we can sell , if it doesn't i think it will go up in a trending channel so we can buy .
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From H4 chart , there is a support level at 38.2 and so if the pair could close above it , it will continue moving in up direction till reach the level 50 % hence we can buy and take profit at around 50 % ,
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In the H4 chart there is a strong support level at 1.0309. I was tested several time but was not broken. So i think this support will hold and price will appreciate.Both M15 and H1 chart show buy in MACD even though still there is a week sell signal persist in H4 chart. Further daily chart also signal buy . So i think it is better buy at this stage(near support level). And hold the trade until it reach 1.04 mark.
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From H4 chart , the pair is still moving in triangle between up and down trend , i expect the pair to move down as it tested the down trend and couldn't close above it and also there is a resistance level at 50.0% so we can make sell and take profit about 50 points below .
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This pair is goes down wards for a long time it Also break the resistance but now it going upward little bid but not sure how much it will go but we can invest here if you have good deposite.
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There is a long downtrend. The price broke out and tested successfully this trend. So, the price will continue to rise.
This is the chart.
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I think this pair is already in down trend but we cant take sell order now we must wait for the broken of the support level. after breaking that level we will go for short for this pair.
our targeted take profit pips willl be -15
our targeted stop loss pips willl be-35
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.
From H4 chart , there is a triangle which will be broken soon , the pair now is testing the up trend and if it can break it , it will continue in down direction else it will rise and test the down trend again .
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 week against the united state dollar in my 1hour time frame chart
current trend in sideways condition and near in buying area
thanks and happy 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.
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