Main » 2010 » September » 17 » Forex Signals - intraday strategy for AUD / USD 17/09/10
16:29 Forex Signals - intraday strategy for AUD / USD 17/09/10 | |
| The AUD / USD is trading within a neutral trend on the hourly chart. It is seen that the rate of AUD / USD is trading above the moving average with a period of 55 to the hourly chart (the level of 0.9391), which generally contributes to the prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at the level 0.9427 to increase the resistance level at 0.9455-64, and in case of breakdown to 0.9494. Stoploss for this strategy can be placed at 0.9385. I recommend to open short positions in case of breakdown of support at 0.9391 on the basis of hours, to reduce to the support at 0.9359 in the case of breakdown up to an hour to support at 0.9337-24. Stoploss for this strategy can be placed at 0.9432. Given that the moving average and the location of the boundaries of technical figures over time is moving, it is necessary on the hourly chart to make adjustments of their position. I also recommend the open positions on the basis of hours, to avoid false breakouts. In the case of strong motion at the break of technical figures, I 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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