Main » 2012 » January » 5 » Forex Signals - intraday strategy for AUD / USD 05/01/2012
17:15 Forex Signals - intraday strategy for AUD / USD 05/01/2012 | |
| The AUD / USD traded in a downtrend on the hourly chart. It shows that the rate of AUD / USD is trading below the moving average with a period of 55 on the hourly chart (level 1.0349), which generally contributes to lower prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 1.0382 in order to increase the resistance level at 1.0421 and in case of breakdown to 1.0456. Stoploss for this strategy can be placed at 1.0318. I recommend to open short positions in case of breakdown of support at 1.0228 on the basis of hours, in order to reduce to the support at 1.0179 and in case of breakdown up to an hour to the support at 1.0136. Stoploss for this strategy can be placed at 1.0288. Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I would recommend to wait for the correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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