Invest Tech FX
Pair Menu
Select Pair
arr_blue
Global Interest Rates
Australia 3%
Canada 0.25%
EMU 1%
Japan 0.1%
Swiss 0.25%
England 0.5%
US 0.25%
Forex News
Subscribe Now
Advertisements

Technical Analysis Reports

AUD/USD - Australian Dollar US Dollar, European Session - 20/11/08

19 Nov, 2008 @ 10:00 pm ET
  • Comments comments
  • 0
  • Votes ?

0,6345. AUD USD broke 0,6420 support. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The downtrend should continue on 0,6000 support (345 pips).
=> We could take a short position at 0,6350. We will put the stop loss above 0,6420 (-70 pips). The targets are 0,6210 (+140 pips, risk/reward 1:2), 0,6000 (+350 pips, risk/reward 1:5) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
0,6410 - 0,6570
Supports
0,6330 - 0,6210

Click the button to vote for this article
Loading status ...
More Technical Analysis Reports
advertisement
advertisement
 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives