FeroxWealth
Long

AUDUSD Potential Long Signal Update

FX:AUDUSD   Australian Dollar/U.S. Dollar
TRADE UPDATE
Previous analysis:
AUDUSD Potential Long Signal

Please see original analysis linked below for in-depth explanation of our long bias.

We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action             forecasting algorithm forecasting a move to the upside with a chance prediction of 85% or higher. Currently our algorithm is predicting a slow movement to the upside with a chance prediction of 87%, but we will continue to monitor price action             and the updates from our algorithm.

See the link below for an image of our algorithm's forecast for this pair.
http://i.imgur.com/JCgJ3Hz.png

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