I am new in trading market, I like to share my thoughts about forex assets, plz support and criticize me, I would like to know your opinion about this market to improve my skills. this is not a trading advice, I'm just share my opinion, trade on you own risk
-fundamental analysis : according to COT data for 3 consequences report , non-commercial traders short the AUD and buy the USD. there is no any strong news this week for AUD.
-technical analysis: we have a clear down-trend on the daily time-frame. the DXY trend is strong-up trend and the USD will go up in the following days.
-The AUD has drifted down during Monday trading session, as we continue to see a bit of negativity. However, there is at least a little bit of a fight left in the currency.
-you can set the stop lose above or near the peak and set the take profit to the nearest support ..don't forget to use small leverage ..Don't hesitate to ask me any questions in the comments below .. I wish to all of you profitable trading
-fundamental analysis : according to COT data for 3 consequences report , non-commercial traders short the AUD and buy the USD. there is no any strong news this week for AUD.
-technical analysis: we have a clear down-trend on the daily time-frame. the DXY trend is strong-up trend and the USD will go up in the following days.
-The AUD has drifted down during Monday trading session, as we continue to see a bit of negativity. However, there is at least a little bit of a fight left in the currency.
-you can set the stop lose above or near the peak and set the take profit to the nearest support ..don't forget to use small leverage ..Don't hesitate to ask me any questions in the comments below .. I wish to all of you profitable trading