xosignals

#AUDUSD Analysis+ Signal for this week...

Short
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
As long as we are below the Moving average 200 as you can see in the graph above the downward trend will continue, you can also notice that the Ichimoku cloud is changing to a cloud of sell with the red line that rises above the Green Line,The last point is the Stochastic indicator- is approaching to his selling area (between 7-90 this is a sell area usually).
Sell AUDUSD:
Entry Price:0.7081
Stop loss:0.72
Take Profit: 0.66.50
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