Main » 2010 » September » 21 » Forex Signals - Intraday Strategy for AUD / USD 21/09/10
16:45 Forex Signals - Intraday Strategy for AUD / USD 21/09/10 | |
| A pair AUD / USD is trading within a neutral trend on the hourly chart. It shows that the rate of AUD / USD is trading above the moving average with period 55 per hour chart (the level of 0.9446), 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 0.9465 in order to increase the resistance level at 0.9494 in the case of the breakdown of 0.9533. Stoploss if this strategy can be placed at the level of 0.9420. I recommend to open short positions in case of breakdown of support at 0.9426 on the basis of hours, with the aim of reducing the support level at 0.9392 in the case of breakdown up to an hour for support at 0.9359. Stoploss when this strategy can be placed at 0.9470. 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 the open positions on the basis of hours, to avoid false breakouts. If a strong movement in the breakout technology figures, I would recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open a position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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