Unique4xPro
Short

AUDUSD Potential Short Signal

FX:AUDUSD   Australian Dollar/U.S. Dollar
With AUDUSD             being extremely correlated to AUDJPY             we are only looking to take a short position on this pair. AUDUSD             has been in a steady downtrend on the higher time frames since mid 2013, and after some recent consolidation has begun to continue in its overall bearish trend . With the momentum to the downside we are awaiting to see price action break below this short-term blue uptrend to take a short position on this pair. We will also need to see confluence from our price action predicting algorithm predicting a move to the downside with a chance performance prediction rate of 85% or higher.

Currently our algorithm is predicting a bounce off the short-term trend line for a bit of a move to the upside with a chance performance prediction rate of 62%, however this forecast will update every hour on the hour. If we see the algorithm predicting a move to the downside at the same time as price breaking out to the downside we will consider taking a short position.

Check the link below for the most recent forecast from our algorithm:
http://i.imgur.com/FnfLXVH.png
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out