empty
 
 
05.01.2012 05:53 PM
AUD/USD Intraday Technical Analysis & Trade Recommendations for January 5, 2012

This image is no longer relevant

AUD/USD currency pair has a good supply zone extending between 1.0311 - 1.0438 marked on the chart.

Also there's the upper limit of the long-term bearish channel situated near this supply zone.

Today we see bearish reaction towards this zone which gives confirmation of the bearish view.

This image is no longer relevant

On the 4H chart, we see that the pair formed a small double top pattern at our mentioned zone.

During the last 4H candlestick, AUD/USD managed to confirm  the reversal pattern with 4H closure below 1.0311.

This gives a short opportunity at 1.0311 with SL daily closure above 1.0438.

TP should be at 1.0250, 1.0180 then 1.0080 then may extend down to 1.0000.

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback