FX:AUDUSD   Australian Dollar/U.S. Dollar
333 1 0
In this topic :
SHORT A/U


I predicted exactly the bearish trend of A/U , I thought A/U can reach to 0.91 level, but it just moves to 0.927.
Because I didn't think that Yellen provided much dovish comments. I thought Yellen would be cautious when she gave her viewpoint. Unfortunately, she was so much dovish, she wanted to keep QE . I couldn't predict what she will say.

Now I present idea for A/U next two days before RBA Minutes.

Technical Analysis:

- A/U today reached strong support and resistance level: 0.93

This is also 50% Fibonacci retracement level : A strong support level .

I show on the chart 4 times A/U test this level.

- Stoch (14,3,3) :%K cuts %D two times : Strong signal for changing the trend.

Fundamental Analysis:

- Bearish trend of A/U was stopped by Yellen Speach today. She confirmed that QE should not stop now to support US economy. We can see market reacted greatly after her speach : USD Sell off.

- I think A/U found dynamic to rally.

Next Monday is RBA Minutes, I don't know what happen after the Minutes, but I claim that before it, the trend of A/U will be UPTREND

Target: 0.94 , 38% Fibonacci Retracement Level.

Stop Loss: 0.92, 61.8% Fibonacci Retracement Level.

Good Weekend all traders.

If you like my analysis ,please following me.
0.925 might be also a stop loss.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out