Theme images by MichaelJay. Powered by Blogger.

GBP/USD: general analysis 26 February 2020, 13:50

GBP/USD: general analysis 26 February 2020, 13:50 Scenario Timeframe Intraday Recommendation BUY Entry Point 1.2940 ...

Feb 13, 2020

AUD/USD: technical analysis 13 February 2020, 11:05


Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 0.6735
Take Profit 0.6790
Stop Loss 0.6706
Key Levels 0.6660, 0.6672, 0.6686, 0.6706, 0.6736, 0.6750, 0.6775, 0.6790
Alternative scenario
Recommendation SELL STOP
Entry Point 0.6700
Take Profit 0.6600
Stop Loss 0.6730
Key Levels 0.6660, 0.6672, 0.6686, 0.6706, 0.6736, 0.6750, 0.6775, 0.6790
AUD/USD, H4
On the H4 chart, an uptrend is forming. The instrument returned to growth after correction and is trading between the center and upper borders of Bollinger Bands; the indicator cloud is expanding, which indicates the likely preservation of the uptrend in the short term. MACD histogram is in the positive zone; the signal line is crossing the body of the histogram from below, forming a signal for opening buy orders. Stochastic is in the neutral zone and the oscillator lines reversed downwards from the border with the overbought zone.

AUD/USD, D1
On the daily chart, a downtrend is maintained. The instrument corrected to the center line of Bollinger Bands; the indicator cloud is expanded, and it is likely that the decline will resume after the correction is completed. MACD histogram is in the negative zone, the signal line is crossing the body of the histogram from above maintaining a steady signal for opening short positions. Stochastic is in the neutral area, and the lines of the oscillator are reversing upwards.

Key levels
Resistance levels: 0.6736, 0.6750, 0.6775, 0.6790.
Support levels: 0.6706, 0.6686, 0.6672, 0.6660.
Trading tips
Long positions may be opened from the current level with targets at 0.6790 and stop loss at 0.6706.
Short positions may be opened from the level of 0.6700 with target at 0.6600. Stop loss – 0.6730.
Implementation time: 1-3 days.

No comments:
Write comments


If you are interested or have any questions - Contact us!