AUD / USD Forex signals

0
109

 

AUD / USD update signal

no signals yesterday were caused because there was no bearish price action at 0.7515.

AUD / USD Signals today

Risking 0.75%

Operations should be taken between 8 am New York and Tokyo 17:00 pm only during the next 24 hours.

Short operations

short entry following some bearish price action on the H1 time frame immediately after the next touch of 0.7576 or 0.7606.

Place the top of the loss of 1 point above the high local oscillation.

Adjust the stop loss to break even once the trade is 20 pips profit.

Remove 50% of the position as profit when trading is 20 pips profit and leave the rest of the position to run.

Over Trade 1

long entry after a bullish price behavior in the time frame H1 immediately after the next touch of 0.7420.

Place the top of the loss of 1 point below the lower local oscillation.

Adjust the stop loss to break even once the trade is 20 pips profit.

Remove 50% of the position as profit when trading is 20 pips profit and leave the rest of the position to run.

AUD / USD Analysis

The following chart shows how the flow has turned around this week after the price made a pair of consecutive higher lows above floor near to 0.7450 last week. The price then actually fired a few hours ago, breaking past resistance at 0.7515 and the key psychological level at 0.7500. So far as London opened, is looking as if the 0.7515 level has turned from resistance to support, so overall the situation is bullish.

It is worth noting that we are not far from reaching a price level where the price will be above their levels both of 1 quarter and two quarters ago, which would mean a long-term uptrend. However there is no doubt that this has been on the cards for a while, but the AUD is taking its time to get there, because it keeps getting weighed down by expectations of a rate cut more happen in the foreseeable future.

In the short term, it seems that we will see at least 0.7576.

NO COMMENTS

LEAVE A REPLY