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26 April 2016, 11:26
Scenario | |
---|---|
Timeframe | Intraday |
Recommendation | BUY STOP |
Entry Point | 0.7855 |
Take Profit | 0.7985 |
Stop Loss | 0.7805 |
Key Levels | 0.7491, 0.7597, 0.7653, 0.7834, 0.7851, 0.8000 |
Alternative Scenario | ||
---|---|---|
Recommendation | SELL STOP | |
Entry Point | 0.7587 | |
Take Profit | 0.7501 | |
Stop Loss | 0.7617 | |
Key Levels | 0.7491, 0.7597, 0.7653, 0.7834, 0.7851, 0.8000 |
AUD/USD, D1
On the daily chart, the pair is trading in the upper Bollinger band. The
price remains above its moving averages that are directed up. The RSI keeps
developing Bearish dynamics and is currently turning up to retest its longer MA.
The Composite turned up as it failed to retest its most recent support.
AUD/USD, H4
On the 4-hour chart, the pair is trading just below the middle MA of
Bollinger Bands. The price remains just above the EMA65 and EMA130 that are
horizontal. The RSI is about to retest its longer MA. The Composite is
approaching its most recent resistance.
Key Levels
Support levels: 0.7653 (last week’s gap), 0.7597 (June 2015 lows), 0.7491 (beginning of April lows).
Resistance levels: 0.7834 (local highs), 0.7851 (61.8% Fibonacci retracement), 0.8000 (psychologically important level).
Trading Tips
Long positions can be opened from the level of 0.7855 with the target at 0.7985 and stop-loss at 0.7805. Validity – 3-4 days.
Short positions can be opened from the level of 0.7587 with the target at 0.7501 and stop-loss at 0.7617. Validity – 3-4 days.
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Terms & Conditions
The client must claim / request the Bonus by
contacting finance department
at finance@hiwafx.com
or via livechat.
Terms & Conditions
with
M Samer Al Reifae
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.