Killy_Mel

FX CHART OF THE DAY: AUDUSD LATERAL TRADING

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             is trading at weekly (120-h) mean with no apparent slope. At the same time, volatility (measured by 3.2 standard deviations from the mean) is also flat and is likely to compress soon.

Price is likely to trade in a lateral fashion for some time - within the 1st standard deviation from weekly mean.

Traders can pick trades both sides within the lateral range - at its borders (1st st             deviations from weekly mean), targeting the mean. Stops should be placed slightly beyond relevant highs/lows.

Traders should also mind US Calendar news at 13:15 GMT             , which can trigger some volatility on the pair.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out