BudakFx
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- Messages
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AUD/USD The bulls cannot stop 2010-07-08
AUD/USD trading instrument gladdened the speculators again on Wednesday. Thus, from the opening of the trading day the pair started to fall - steadily, permanently, confidently, as a result the price fixed slightly higher than 80 points. However, on the European session the bulls "woke up", consequently, the currency rate of the Australian dollar started soaring having passed more than 200 points, after that just for several hours before the session closing it entered the flat. That is why all we have to do is to make a conclusion - the pair has risen confidently again by 117 points. The volatility amounted to 213 points. Open/Close-0.8522/0.8639. High/Low-0.8659/0.8446.
In a short term presently the trend is up-directed. Thus, the main trend lines SATL and STLM are looking towards the bulls. Indeed, the market has been rising for several days already. But at present moment it is better to think about that the bear correction is very probable, as the price hiked significantly and the middle RBCI line is already in the upside channel. Now it would be better to wait for the FTLM line correction and the middle line RBCI and sell with them.
Conclusion: Look for entrance into correction sales.
Recommendations: Buy above 0.8755, sell – below 0.8695. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).
Support and Resistance within the channel and trend lines.
.1
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In a mid term the indicators signal about signal about that the tendency is up-directed again. It is approved by the direction of all lines of all indicators. As we supposed, the bears did not manage to "pull' the market downwards further, as a result, the bulls recaptured the initiative and recouped the earlier losses. But now now I'm more inclined to search of new sale positions.
Conclusion: That is why in this situation it is necessary to sell after the bullish correction of FTLM line and the middle RBCI line.
Recommendations: Buy above 0.8755, sell – below 0.8695. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).
Support and Resistance within the extremums of the last 3 days, trend lines.
.2
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In a long term the indicators signal about the uncertainty of their values. That is to say, the main trend line SATL is still bear-oriented. The line-forecaster STLM lies in the neutral plane, as well as other lines of the rest indicators pointing us to the instrument's sideward movement. However, worth paying attention to the channels of RCBI indicator, which started to widen a little telling us about that the possibility of entering the long term prospect can emerge soon. But the market behaves ambiguously together with the indicators.
Conclusion: Presently, it is better to refrain from entering the market.
Recommendations: Buy above 0.8755, sell – below 0.8695. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).
Support and Resistance within the trend lines, Fibo interest rates and extremums of the last 3 weeks.
.3
--------------------------------------------------
Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010
AUD/USD trading instrument gladdened the speculators again on Wednesday. Thus, from the opening of the trading day the pair started to fall - steadily, permanently, confidently, as a result the price fixed slightly higher than 80 points. However, on the European session the bulls "woke up", consequently, the currency rate of the Australian dollar started soaring having passed more than 200 points, after that just for several hours before the session closing it entered the flat. That is why all we have to do is to make a conclusion - the pair has risen confidently again by 117 points. The volatility amounted to 213 points. Open/Close-0.8522/0.8639. High/Low-0.8659/0.8446.
In a short term presently the trend is up-directed. Thus, the main trend lines SATL and STLM are looking towards the bulls. Indeed, the market has been rising for several days already. But at present moment it is better to think about that the bear correction is very probable, as the price hiked significantly and the middle RBCI line is already in the upside channel. Now it would be better to wait for the FTLM line correction and the middle line RBCI and sell with them.
Conclusion: Look for entrance into correction sales.
Recommendations: Buy above 0.8755, sell – below 0.8695. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).
Support and Resistance within the channel and trend lines.
.1
--------------------------------------------------
In a mid term the indicators signal about signal about that the tendency is up-directed again. It is approved by the direction of all lines of all indicators. As we supposed, the bears did not manage to "pull' the market downwards further, as a result, the bulls recaptured the initiative and recouped the earlier losses. But now now I'm more inclined to search of new sale positions.
Conclusion: That is why in this situation it is necessary to sell after the bullish correction of FTLM line and the middle RBCI line.
Recommendations: Buy above 0.8755, sell – below 0.8695. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).
Support and Resistance within the extremums of the last 3 days, trend lines.
.2
--------------------------------------------------
In a long term the indicators signal about the uncertainty of their values. That is to say, the main trend line SATL is still bear-oriented. The line-forecaster STLM lies in the neutral plane, as well as other lines of the rest indicators pointing us to the instrument's sideward movement. However, worth paying attention to the channels of RCBI indicator, which started to widen a little telling us about that the possibility of entering the long term prospect can emerge soon. But the market behaves ambiguously together with the indicators.
Conclusion: Presently, it is better to refrain from entering the market.
Recommendations: Buy above 0.8755, sell – below 0.8695. (these recommendations are just my personal opinion and they do not galvanize anybody into action…the analyst is not responsible for actions taken by a trader following these recommendations ).
Support and Resistance within the trend lines, Fibo interest rates and extremums of the last 3 weeks.
.3
--------------------------------------------------
Performed by Denis Strelkov, Analytical expert
InstaForex Companies Group © 2007-2010
