Main » 2010 » May » 12 » Forex Signals - Intraday Strategy for AUD / USD 12/05/10
16:10 Forex Signals - Intraday Strategy for AUD / USD 12/05/10 | |
| A pair AUD / USD is trading within the uptrend on the hourly chart. It shows that the rate of AUD / USD is trading below the moving average with a period of 55 per hour chart (level of 0.8996) that generally helps to reduce prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 0.8997 in order to increase the resistance level at 0.9013 in the case of the breakdown of 0.9032. Stoploss if this strategy can be placed at the level of 0.8960. I recommend to open short positions in case of breakdown of support at 0.8950 on the basis of hours, with the aim of reducing the support level at 0.8932 in the case of breakdown up to an hour for support at 0.8908. Stoploss if this strategy can be placed at the level of 0.8985. Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend to open positions up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
| |
|
| |
| Total comments: 0 | |
Moscow Time
New York Time
London Time
Tokyo Time